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ASSIGNMENT
DRIVE FALL 2014
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
Q2. 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
3. What is meant by talent acquisition? Explain some of the talent acquisition strategies.
Talent Acquisition is the process of finding, acquiring, assessing, and hiring candidates to fill roles
that are required to meet company goals and fulfill project requirements. Talent Acquisition also
ensures that newly hired employees are effectively and efficiently acclimated to the organization,
enabling the organization to rapidly and fully benefit from their capabilities.
2. Answer : As customers continue to request services that offer more value than simply HR
administrative relief, more time is spent on evaluating and stepping up to deliver –strategic human
capital management (HCM).
Talent acquisition strategies :
A highly productive workforce is
4. Explain the key Compensation principles. What do you mean by Total rewards? Describe the
elements of Total rewards.
Answer : Compensation practices at large financial institutions were a key contributing factor to the
global financial crisis. The FSB Principles for Sound Compensation Practices and their
Implementation Standards (Principles and Standards, P&S) were developed to align compensation
with prudent risk-taking, particularly at significant financial institutions.
The Principles require compensation practices in
Q5. 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. The different types of focus are:
Step by step focus.
Leadership focus.
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
3. 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.
Dear students get fully solved SMU MBA Fall 2014 assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
