Performance Management System (PMS) is the heart of any management particularly the people management process in an organisation. But many recent surveys reveal, globally, that most of organizations need to revisit the benchmarked new age performance management system. Companies are revolutionalising their effectiveness with their newly discovered ways of managing employees’ performance Performance management systems, if properly designed and implemented, can change the course of growth and pace of the impact of organizational growth. It can generate revolution and create waves of growth