MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	Master of Business Administration- MBA
SEMESTER	Semester 4
SUBJECT CODE & NAME	MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION
BK ID	B1869
CREDITS	4
MARKS	60

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.

Question. 1. What are competency characteristics? Describe some of them.

Answer: The term core competency was coined by C.K. Prahalad and Gary Hamel in their article "The Core Competence of the Corporation," published by Harvard Business Review in 1990. According to that article, "Core competencies are the collective learning in the organization, especially how to coordinate the diverse production skills and integrate multiple streams of technologies. … Core competence is communication, involvement and a deep commitment to working across organizational boundaries. It involves many levels of

Question. 2. Define Talent Management. Discuss the Talent management Approaches.

Answer: What if you could attract your competitor’s best employee for few extra bucks? Sounds easier than done! Attracting high-worth individuals from the competitors is not everyone’s cup of tea. Targeting them and finally hiring them is the test of your competencies experience, personal traits and brain application. This is where the strategic

Question. 3. Briefly describe the different Talent Management Processes?

Answer: People are, undoubtedly the best resources of an organization. Sourcing the best people from the industry has become the top most priority of the organizations today. In such a competitive scenario, talent management has become the key strategy to identify and filling the skill gap in a company by recruiting the high-worth individuals from the industry. It is a never-ending process that starts from targeting people. The process regulates the entry and exit of talented people in an organization. To sustain and stay ahead in business,

Question. 4. Explain the key Compensation principles. What do you mean by Total rewards? Describe the elements of Total rewards

Answer: Your small business needs the best talent available to succeed. To attract and keep talented individuals, you must think of compensation in a holistic way that includes several forms of compensation as well as other attractive features you can offer to make the workplace desirable. Develop the habit of speaking about your total rewards system when interviewing prospective employees, and you will attract and retain the best.

Question. 5. Explain the role of IT in Talent Management Systems.

Answer: A talent management system (TMS) is an integrated software suite that addresses the “four pillars” of talent management: recruitment; performance management; learning and development; and compensation management.

Purpose: Whereas traditional HRMS and enterprise resource planning (ERP) systems focus primarily on transaction processing and the administration of basic human resources processes such as personnel administration, payroll, time management, etc., talent management systems focus on providing strategic assistance to organizations in the

Question. 6. Write short notes on:

a)Promoting ethics in workplace

Answer: Workplace ethics ensures employees are treated with utmost respect. It also leads to a sense of satisfaction among employees and they develop a feeling of attachment towards their respective organizations. The feeling of loyalty is a feeling which is seen in very few individuals. For them, going to work is the best source of earning

b)Talent Review

Answer: Increasingly, organizations are turning to enterprise-wide or business-unit talent review meetings – strategic sessions that mesh business performance with people performance at a high-level view – as a forum for tackling these big issues. The meetings bring senior-level stakeholders together, but often processes for evaluating

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )