If you are in HR then you must heard about the KMP. The word KMP stand for Key Managerial Personnel. So KMP is nothing but the details of personnel who is designated on high position who play a Key Role in Company Operations.
So here question raised whom we consider in KMP , So here I have mentioned the designation who is considered as KMP (Key Managerial Personnel).
- Chief Executive Officer (CEO)
- Chief Financial Officer (CFO)
- Chief Human Resources Officer (CHRO)
- Company Secretary (CS)
- General Manager or Functional Heads
These designated personnel are backbone of the company, they contribute in taking the decision strategic decision and operation execution.
As per the company ACT 2013 the roles and responsibilities of KMP is outlined. So here I would like to aware you some of the role of KMP.
- Organization Stability
- Driving Growth
- Maintaining the Accountability
- Legal and Ethical Compliances
- Crisis Management
- Cultural Leadership
Being in HR management ask you the details of these employees like remuneration details. So you need provide them their Taxable gross Salary with the perquisites, Social and Retiral contribution.
Generally this report we share with management twice in a year.
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Good to Know.