Several companies’ efforts in recent years have been directed on techniques to strengthen people’s commitment to the organization’s overall success. Various authors have looked into the relationships between various aspects of HRM practise and their impact on employee competency. Similarly, while it is well known that performance management is linked to employee performance, little progress has been made in understanding the link between performance management and employee performance in the Indian context. The goal of this article is to determine the extent to which performance management framework variables are linked to employee perceptions and, in particular, business performance. In light of the data obtained from the literature research, a structured survey was completed for information collection from 200 employees in four organisations, which were measurably investigated. The findings show that the great majority of performance management components are favourably and essentially related to business performance.