The difference between a well-trained employee and one who isn’t can cost your business dearly. Bridging the skill gaps is critical to employee and employer success, and identifying them correctly is the first step. Right diagnosis of the skill gap is far more important than the training itself. It not only optimizes costs but also gives a hefty return on training investments.
Unlike some of the other business assets, if managed well, the human assets or the human resource of your company have the potential to constantly appreciate and yield multi-fold returns. All it takes is for the leadership team to integrate the human resource strategy in business strategy.
Key Result Areas (KRAs) and Key Performance Indicators (KPIs) are a vital part of any employee’s or a professional individual’s work life. From the entry level employee to the senior management, KRAs and KPIs serve as an instrument to gauge at the success of an organisation.