Vol. 3, Issue 4, Part H (2017)

Abstract
Employee performance management is very simple in some ways and in other ways very complex. It consists of lots of parts and it requires some skills. But if it is approached with proper mindset it can work and pay great benefits. Performance management is a vital part of the process of managing human resources with the aim of achieving employee and organizational goals. The job description that occasionally accompanies the review bears little resemblance with the work being performed. The fast changing demands of the marketplace. Companies must adapt quickly if they wish to remain in business. The managers who do not adjust the performance expectations of their subordinates accordingly run a very high risk of reducing the value of an evaluation as well as the value added contributions of the employees. The present study is a conceptual paper on the Performance Management System.