This document contains an assignment for a Master of Business Administration course on Talent Management and Employee Retention. It includes 6 questions asking about key elements of talent management systems, defining talent management and discussing approaches, defining retention and its importance, explaining compensation principles and total rewards, organizational issues related to talent management, and short notes on workforce analysis and talent review. The assignment requires answering each question in 300-400 words.

1. Spring-2016
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Master of Business Administration- MBA Semester 4
MU0017-Talent Management and Employee Retention
(Book ID: B1869)
Assignment (60 Marks)
Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10
marks 6 X 10=60.
Q1. Explain the key elements of Talent Management System.
Answer. Key Elements of a Talent Management System
Recruitment and Selection: Recruitment is the process of finding and hiring the best-qualified candidate
for a job opening, in a timely and cost effective manner. Recruitment and retention have become a big
challenge for organizations due to the continuing global talent shortage, the changing worldview of work
by new generation employees entering the workforce, and the ever increasing evidence that poor
recruitment decisions have a direct impact on the bottom line.
Q2. Define Talent Management. Discuss the Talent management Approaches.
Definition of Talent Management - 2
Explaining the Talent management Approaches - 8
Answer. Talent Management
Talent Management is useful to both the organization and the employees. It is defined as a conscious and
systematic approach taken up to attract, identify, develop and retain productive and engaged employees
with aptitude and abilities to meet current and future organizational needs by fulfilling the

2. business/operation critical roles. Its goal is to create a high-performance, sustainable organisation that
meets its strategic and operational goals and objectives.
Q3. What is retention? Explain why retention is important. List the keys to strong retention.
Define retention - 2
Explain the importance of retention - 6
List the keys to strong retention - 2
Answer. Employee retention is a systematic effort by employers to encourage valued employees to
remain with their organisation.
A large part of keeping valued employees is attracting the right people to the organisation in the first place
by the use of an effective workforce plan and recruitment and selection practices.
Q4. Explain the key Compensation principles. What do you mean by Total rewards? Describe the
elements of Total rewards.
Explaining the key compensation principles -3
Definition of Total rewards -2
Explaining the elements of Total rewards - 5
Answer. Compensation is the HRM activity that deals with every type of reward that individuals receive
for performing organizational tasks. It is basically an exchange relationship. Employees exchange their
labour for financial and non-financial rewards. Financial compensation is both direct and indirect. Direct
financial compensation consists of the pay an employee receives in the form of wages, salary, bonuses,
and commissions. Indirect financial compensation (also called “benefits”) consists of all the rewards that
Q5. Explain the organizational issues pertaining to Talent Management.
Answer. Organizational issues pertaining to Talent Management
Organizational issues pertaining to talent management could arise because of focus and fit.

3. (i) Focus: The different types of focus are:
Step by step focus: In this, managers look for employees with potential to take one step ahead in their
career. Talent management needs to have a proactive approach to both skill enhancement and career
progress
Q6. Write short notes on:
a. Workforce Analysis
b. Talent Review
Answer. a. Workforce Analysis
It is a systematic process in which an organization identifies the critical jobs and competencies, needed for
the current and future employees, and develops strategies to overcome any gaps.
Its main priority is using information to obtain an overview of the workforce and targeting talent
management initiatives which include:
Spring-2016
Get solved assignments at nominal price of Rs.125 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490