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DRIVE- summer
2016
Semester-
(SEM 4)
Subject
code & name-MU0017 - TALENT MANAGEMENT AND EMPLOYEE RETENTION
Q1. Explain
the need for talent management. What are the consequences of failure in
Managing Talent?
(Need
for talent management-7 marks, Consequences of failure in Managing Talent-3 marks)
10 marks
Answer.
Talent
management
A conscious and systematic
approach taken up to attract, identify, develop and retain people with aptitude
and abilities to meet current and future organizational needs by fulfilling the
business/operation critical roles.
In some organizations only the
key performing individuals are associated with the term talent or talent
management. However, it is
Q2. What
are the building blocks of effective talent management system? Explain any one.
(Listing
the building blocks of talent management-1 marks, Explanation of any one of the
building blocks-9 marks) 10 marks
Answer.
Four Building
Blocks of Effective Talent Management System
Successful companies seek to
determine the actual or potentials of each employee’s capability for adding
value to the organization. This allows them to maximize their contribution
through appropriate investment in training and development. Improper allocation
of compensation and training recourses can result in unwanted turnover, morale,
and performance related issues, especially among those employees it can ill afford
to lose.
The building
Q3. Define
talent planning. What are objectives and steps of Talent Planning?
(Definition
of talent planning-3 marks, Objectives of talent planning-3 marks, Steps of
talent planning-4 marks) 10 marks
Answer.
Talent planning-an
overview
Talent planning mainly focuses on
the responsibilities of leaders. These responsibilities include developing the
workforce and also think about their future roles and assignments determined by
the organizational needs.
Objectives of
Talent Planning
Q4. What
is meant by talent acquisition? Explain some of the talent acquisition
strategies.
(Meaning
of talent acquisition-3 marks, Explanation of talent acquisition strategies-7
marks) 10 marks
Answer.
Talent
Acquisition
Talent acquisition is an
influential software tool used to administer all the sub-processes that are
involved in recognizing, attracting, and finally employing highly-talented and
skilled people who are more productive for the company. The main advantage of
the talent acquisition software is that it reorganizes the complete hiring
process and significantly decreases the overall recruitment expenses. It also
facilitates the managers and recruiters in a single online setting to create
and post applications, look for the talent acquisition pool, screen candidates,
carry out background checks
Q5. Why
‘employee engagement’ is important? What are the factors of engagement?
Describe some of the best practices in talent engagement.
(Importance
of employee engagement-2 marks, Factors of engagement-2 marks, Best practices
in talent engagement-6 marks) 10 marks
Answer.
Employee
Engagement and Retention
According to AlphaMeasure,
employee engagement is the level of dedication and contribution of the
employees towards their organization and its principles or values.
The most important behaviors of
engaged employees include:
·
Talking about some good things and being
positive about the organization to colleagues, potential employees, and
Q6. Describe
some of the major challenges in talent management. (Description of major
challenges in talent management) 10 marks
Answer.
Today’s top 10
Talent Management Challenges
Talent
management is the systematic attraction, identification,
development, engagement/retention and deployment of the employees. These
employees are of particular value to an organization, either in view of their
„high potential‟ for
the future or
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students get fully solved assignments
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