Performance Management is a key process of HRM that provides basis for developing individual and business performance. And is a part of the reward system in the most general sense. The intention is to improve the performance of the individuals and teams. It is about getting better results by understanding and managing performance through an agree framework of planned goals, standards and competency requirements. Performance Management is about finding answers to "What is to be achieved" and "How it is to be achieved". It helps find better and effective ways to improved business results.
