Performance management is the part of a Human resource where the evaluation of the employees has been taken place. According to the Manchester Metropolitan University, performance management established the understanding between what is to be achieved and how well it can be achieved. Making performance management an effective organization focuses on the competencies of the manager. Moreover, they also work on the productivity of their employees as from which factors they are improving. Every organization has only one goal in mind to achieve its goal and take the company towards its mission and vision statements.

Importance of Performance Management to Employees:

Performance management plays a vital role in the development of the employee of the company. They get away as from where they had come, where they’re going now and what is their future in the particular organization? Some benefits or importance are as follows;

•    Achieving Goal.

•    Understanding towards Job Satisfaction

•    Career Development

•    Positive working Environment

Importance of performance management to Organization:

•    Higher Productivity

•    Employee Advancement

•    Higher-Quality Products & Services

•    Increased focus on driving business results.