ibma bsbmgt502 manage people performance performance management and performance appraisal

Questions:
1. Define the difference between Performance Management and Performance Appraisal explain why it is important for managers to know the difference.
2. Define Procedural fairness and natural justice in relation to performance management explain the importance to managers and organisations.
3. For a Financial Institution or Accounting Firm (one that you have worked with or have knowledge of or develop a hypothetical firm)
Write a:
Vision/mission
Strategy
Operational objective
Critical success factor/Key result area (performance metric)
Key performance indicator for an individual staff/team member
4. Effective performance commences with Induction of staff within the first few days of employment. Define and discuss the link between Induction/Orientation and performance management and an organisations Code of Conduct
5. Why is it considered to be Best Practice to develop and agree performance standards and performance indicators with relevant staff prior to commencement of work?

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