This global HR module reviews the emerging performance paradigm fit for the global organization. Limitations of the traditional model of performance appraisals and the companies seeking to modernize it are reviewed and contrasted with the features of a new global performance management paradigm. Examples of alternatives to traditional performance appraisal systems and the required managerial and global HR competencies are explored, and both the facilitating and restraining forces and potential perspectives of the main stakeholders are discussed as they pertain to evolving toward a new performance feedback model. Leading practices for implementing a ‘reinvented’ global PM system are outlined. The changing role and competencies of global HR in redesigning and implementing the “new” PM process fit for the global organization are summarized.