In modern business world, any organization can strategically use; pay, compensation, benefits and other rewards as effective performance management instruments to increase operational efficiency and enhance performance. It is very important for the organisation to attract, motivate and retain the best people who will be a key influence on its future success. Furthermore, in recent times, most members of the community believe that skilled people are an essential part of sustaining an organization's long-term competitive advantage. So, successful pay, rewards, compensation and benefits strategies are the main components that can ensure people are paid equitably, recognise and reward excellent performance, and aid the attraction and retention of top-quality staff. For this strategy, an organisation's performance management system should be designed to link employee performance outcomes and expectations to its goals, improve productivity, emphasize the employee's role in the process, recognise employee development needs, require meaningful communication between a supervisor and employee and recognise accomplishments.…