The present study is an attempt to examine critical perspective of high-performance work system in Indian settings. As per critical perspective, high-performance work practices (HPWPs) may lead to increase in job demands and pressure, which, in turn, may result into poor employee attitudes and well-being. The article seeks to examine the perspective by exploring the direct linkage between HPWPs and employee well-being. Employee well-being is studied through three constructs, namely, employee commitment, job satisfaction, and work–life balance satisfaction. Data reveal direct statistical relationship between awareness and perception of employees with all three constructs of employee well-being. Thus the article statistically discards critical perspective and approves mutual gain perspective of high performance practices. Further managerial implications and theoretical contribution of the article is also discussed.