In today’s dynamic scenario, human resources are to be considered as a very important asset of the company and the importance of human resource is well known to the organization. The success of any organization depends on its ability to correctly measure the performance of its members and use that measure to neutrally boost and optimize their performance. So; the success of the organization depends on the performance of the employees and its human tendency to judge everything and everyone around them. Hence, performance appraisal is the trending sole of the human resource management. The Performance Management (PM) system refers to the organization activity to ensure that employees work is aligned with the company strategic objectives, vision and the goals are met consistently and efficiently. Performance appraisals and awards systems are tools of PM that can improve the work performance of employees by helping them realize their full potentials in carrying out their organization mission; ensure that employees understand what is expected from them, and also to provide information for use in making work-related decisions for management. Performance appraisal is a concept that stated in the early 20^th century. Performance appraisal is the process of obtaining; analysing and recording information about an employee to evaluate and improve their performance. Performance appraisal supports in mapping individual and team performance to achieve organizational objectives. Research Objective: This paper review the future oriented performance appraisal methods and identifies pros and cons for using each method especially 720-Degree appraisal. Research methodology: In modern business scenario where job roles have become more diverse it’s not easy to measure the performance of any employee. Thus performance appraisal methods can be really helpful to drive work force towards organisational goals. The study relies on the theoretical review of 720 Degree Performance appraisal towards organisational sustainability. Further scope of study: The study can be extended towards empirical analysis of analysing the impact of modern performance appraisal technique towards employee productivity & morale.