Journal of Applied Business, Economics and Strategic Management ISSN: 3139-1664 (Online)

Authors: Thimmaiah Bayavanda Chinnappa

Abstract: As an economy continues to shift and businesses rely more and more on their intellectual capital, they realize that their employees are the key to their competitive advantage and performance. Performance management is how companies measure performance, develop employees and align their workforce around corporate goals. Because employees are also their biggest expense, organizations are learning that they have to manage employee performance aggressively in order to identify top performers and develop an optimally functioning workforce. Performance management is now receiving unprecedented attention in both the business and human resource communities.

Keywords: Evaluation; Performance Management System; Roadmap; Effective Practice