Performance Systems are an important part of any business, and have a distinct definition. Performance Systems refer to the set of processes that allow a business to effectively measure, track, and improve the performance of its employees, products, and services. This includes things like performance appraisals, organizational assessments, and development plans. These systems provide a way for a business to measure the impact of its investments and initiatives, both on the overall performance of the company and at the individual employee level. Furthermore, it can identify areas for improvement, and provide guidance on how to make those improvements. Performance Systems are also responsible for setting goals for employees, as well as tracking their progress towards those goals. They can help to ensure that employees are meeting their performance expectations, and that they are being compensated accordingly. Finally, they can provide a way to monitor and measure the success of the organization’s strategy