Good Performance Management System is a set of organizational methods and tools used to assess, monitor and develop the performance of employees in order to achieve business objectives. It includes processes such as setting goals and objectives, communicating expectations, providing training and development opportunities, monitoring progress, recognizing achievements and rewarding employees for high performance. Good performance management systems promote effective communication between management and staff, provide an equitable way of evaluating employee performance and offer a structure on which to build a culture of continuous improvement.