The Performance Management Systems are widely recognized as a key business strategy for creating performance-driven culture in the Organization and in turn, for driving strong business result. Process in evaluating the performance of employees is one of the most important determinants of organizational justice. Studies indicate that fair practices in human resource management, particularly in terms of performance appraisal has a predictive role in the employees’ attitude. The present study aims at understanding the perception of Managers about Performance appraisal system in pune, India. Performance appraisal system was assessed by a scale consisting of 11 dimensions. In general the agreement constitute relatively a high percentage in all dimensions. Among the dimensions performance feedback and procedural justice have a high mean score. However, disagreement is observed more in 360 degree appraisal.