MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION

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ASSIGNMENT

DRIVE	SPRING 2104
PROGRAM	MBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDHRMN (SEM 2)
SUBJECT CODE & NAME	MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION
BK ID	B1869
Credit and Max. Marks	4 credits; 60 marks

Note – Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 Explain the key elements of Talent Management System.

Answer :  : Most researchers today stress the importance of talent management. Strategic meaning of talent management comes from the fact that success in international business depends most importantly on the quality of top executive talent and how effectively this critical resource is developed and managed. To manage talent in a maximum way would be like having a crystal ball that prevents what will happen in the future to avoid mistakes. There is, however, no such tool and that is why talent management is so important. Management literature has for many years been dominated by talent management and there are

2 Define Talent Management. Discuss the Talent management Approaches.

Answer :  Talent management is the integrated process of ensuring that an organization has a continuous supply of highly productive individuals in the right job, at the right time. Rather than a one-time event, talent management is a continuous process that plans talent needs, which includes the following:

·         builds an image to attract the very best

·         ensures that new hires are immediately productive

·          

3 What are the responsibilities undertaken by an HR to ensure compliance to regulations? Explain the steps involved in ensuring safe work environments

Answer :  The human resources (HR) function is at the center of most employers’ efforts to identify, hire and retain the people the organization needs to execute its strategy and achieve its goals.  But the HR function is a key player within the organization’s compliance structure as well.

There are numerous laws and regulations governing the employment relationship that HR professionals must understand and navigate in order to help ensure their organizations avoid costly fines and other penalties, including the potential harm to

4 What do you mean by Total Rewards? Discuss the elements of Total Rewards.

Answer :  Total Rewards: All of the tools available to the employer that may be used to attract, motivate and retain employees. Total rewards include everything the employee perceives to be of value resulting from the employment relationship.

Elements of Total Rewards.

The concept of total rewards has advanced considerably. The power of total rewards is in leveraging the concept as a whole and the individual elements to attract, motivate and retain talent.

·         Compensation (including base pay and incentives)

·          

5 Explain the organizational issues pertaining to Talent Management.

Answer : The concept of talent management seems to be attractive. Talent management is considered to be the process of developing the workforce for the future. The entire idea of talent management has a positive attitude. It is associated with doing things for your best people and developing their strengths. The needs of the organanisations and the individual can be met by talent management.

Organizational issues could be of because of focus and fit.

6 Write short notes on:

a)Workforce Analysis

Answer : Having identified organizational priorities, the next step focuses on the roles and capabilities needed for the department to be successful.

•             Identification of Critical Roles

The leadership team identifies the key job functions and job roles that will be the initial focus of the talent review discussions.

Depending on the need, a talent review could focus on any of these groups:

•             All staff in a particular function or

b)Talent Review

Answer : Having set the organizational context, management teams can proceed wtih a review of "talent" in the organization.

The type and emphasis of a talent review can vary depending on the department's need.

Talent review examples include:

Talent Inventory focuses on the current performance and future potential of a selected employee group.

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Send your semester & Specialization name to our mail id :

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Call us at : 08263069601

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