ABSTRACT Balanced scorecard transforms mission and objective of companies in to inclusive measures for assessing performance which gives structure for effective management and measurement system. The results reveal that the employees are agreed with balanced scorecard is a good method for assessing performance, balanced scorecard is an effective planning tool, balanced scorecard helps in taking appropriate decision, balanced scorecard is useful to enhance competencies of employees, balanced scorecard assists employee to set their job priorities, balanced scorecard makes employees to realize their responsibilities and balanced scorecard give accurate feed back on performance of employees. There exits significant difference in consciousness of employees on balanced scorecard in IT companies and their features. Consciousness of employees on balanced scorecard is significantly, positively and moderately related with their performance in IT companies. Therefore, balanced scorecard should be highly flexible and it must be very easily understandable by employees. Besides, balanced scorecard should not give any threatening to employees.