Management of human resources nowadays has become crucial and challenging as they comprise extremely vital resources. In the Organisation, human resources are most important. Proper utilisation of human resource and their duties such as identifying, developing, assessing, recognizing and utilising are part of human resource department. The important factor for an organisation’s success, rest on how well they take care of their workforce and constant support for systematic performance improvement, which help in the interest of individual and professionally towards the achievement of organisational goals. The organisations at the same time will be focusing on improving the individual performance by providing precise training programs that will in turn help organisational performance. Hence, Performance Management System (PMS) is the mantra for constant improvement or better performance. With this thoughtful perspective of individual perception about performance management systems in IT sector and after going through literature review the gaps that exist will be helpful for researchers to do future research is of supreme importance. IT sector is the second largest sector for high manpower in India. Hence, the main emphasis is on IT sector.