As business results depend largely on the performance of the workforce getting involved in the process, it is of paramount importance for the organizations to measure the performance of its employees continuously for the organizational success. This article dwells on six major managerial aspects of the performance management that lead to organizational success.

Business world of today is con stantly searching for the star performers who can produce the best results for the organization. The concept of performance management gained momentum in the early 1980s with the development of human resource management. Performance management is a logical process by which an organization involves its employees as individuals and teams in improving organizational effectiveness. Since performance management is a logical sequential process and integrated one, it should be planned, designed and implemented in a systematic and objective manner. A snag at any stage will damage the basic principle of the system. Common errors occur during the planning of the performance management system by neglecting some vital ingredients which otherwise ought to have been included. Some may not be able to manage the performance management system in a professional manner. Even some other may not properly utilize the data collected, but merely conducting the appraisals and other evaluations as routine annual affair. To avoid the major pitfalls and to enjoy the real taste of this novel and versatile system, organizations need to concentrate on the six major managerial dimension of the performance management system which leads to six behavioral dimensions.

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