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In all Human Resource Management functions Performance Management (PM) is the most critical function for all organizations intending to enrich the worth of the Human Capital. PMS is the current buzzword for organizations to survive in current competitive and global work environment. This book begins with the essential concepts and frameworks for understanding Human Resource Management and then goes on to discuss Performance Management in the organization context. It deals with performance management processes including topics such as Recruitment, Induction, Training and Development, Performance Management System and Employee Exit by extensively using flowcharts and diagrams for facilitating easy grasping of the concepts. The book elaborates the challenges involved and strategies to be adopted to meet them. The book concludes with a chapter on non performance and suggestions for overcoming it. The book is relevant for managers, professionals, students and scholars of personnel and human resource management. Aspiring HR professionals can learn how these practices can be successfully developed and implemented.