Coal India has a standardized and robust performance management system. It is a system designed to assess the functional, managerial and potential competence of employees in an objective and transparent manner. The system is designed such that individual performance of employees can be effectively aligned to the company’s objectives and growth. Besides acting as an appraisal mechanism, the PMS also helps employees identify their developmental needs and act on them in order to achieve professional excellence. Coal India is planning for further development of the PMS by introducing latest concepts like Balance Score Card. Also, the PMS scores will be used for the purpose of Performance Related Pay (PRP) among executives as per govt. guidelines based on individual as well as company performance.