4.3 & 4.4

Question 1

Performance management

Answer 1

Focuses on improving both business and individual performance through relating business performance objectives to individual employee performance objectives.

Question 2

Performance appraisal

Answer 2

Is the formal assessment of how efficiently and effectively an employee is performing their role in the business.

Question 3

Performance feedback

Answer 3

Is the information provided to an employee after a performance appraisal.

Question 4

Termination

Answer 4

Is the ending of the employment of an employee.

Question 5

Retirement

Answer 5

Occurs when an employee decides to give up full-time or part-time work and no longer be part of the labor force.

Question 6

Resignation

Answer 6

Is the voluntary ending of employment by the employee ‘quitting’ their job.

Question 7

Redundancy

Answer 7

Occurs when a person’s job no longer exists, usually due to technological changes, a business restructure or a merger or acquisition.

Question 8

Retrenchment

Answer 8

Occurs when a business dismisses an employee because there is not enough work to justify paying them.