Seminar paper from the year 2019 in the subject Business economics - Personnel and Organisation, grade: 1, 3, Griffith College Dublin, language: English, abstract: This text will examine how performance management has changed, what was important in the past and what are the trends for the future. The focus will be on small companies.A performance management system is a part of human resource management. Through the system, a company can see the development of each employee's performance. This includes all performance appraisals, training and actions that have been done and that will be done in the future.The most important process in this change, as will be concluded, is a well-developed performance management system that both, managers and employees, appreciate. It can help to have everyone's highest performance if it is able to value the individual. This is a challenge for the big companies as well as for the smaller ones. No one can say what is the best system, it depends on the company's individual needs.