Human resource management as a profession gained acceptance with the incresed spate of globalization and rising complexities of business. Before we understand the subject of performance management, it is important to understand the context with the incidence of human resource management functions. Human resource management as a subject of study has its roots dating back to 4000 B.C. (Chaldeans' incentive wage plans). Since then, it has been practised in different civilizations. However, here we are more concerned with the recent history (Bhattacharyya, 2006).

Before the industrial revolution, working processes and systems involved close relationships between mentors and apprentices. The focus was ...

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