Changing face of performance management system

Performance appraisal being a vital part of any organization has undergone a lot of refinement. The refinements have been made keeping in view the changing needs and habits of both the employer and employee. The paper focuses on the various performance appraisal systems propounded in the past and also those adopted by the organizations in the past and present. The organizations are presently working in a dynamic and competitive work place. Different work places provides different challenges and opportunities to the employees and employers, accordingly the performance appraisal system also varies as per different work place. The paper provides possible upcoming systems for performance appraisal considering all the factors affecting the performance appraisal.