Organisations today, believe that every individual has potential and strength and human capabilities could be sharpened, developed and utilised better for achieving Organisational Goals. It is, therefore, very important to assess employees' performance formally and to have a set of follow-up systems that are designed to solve any problems that might inhibit a good performance. Now-a-days, the Performance Management Systems are widely recognised as a Key Business Strategy for creating performance-driven culture in the organisation and in turn, for driving strong business results. In view of this, need felt to undertake the research work related to recent trends in Performance Appraisal Systems and Practices followed in the renowned Organisations. This book, therefore, provides the aspects such as purpose, essentials, benefits and process of Good Performance Appraisal System & Practice and its effectiveness. The study and analysis would certainly help HR Fraternity for introducing and developing the Performance Management Systems in their Organisations.