MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION

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ASSIGNMENT
DRIVE WINTER
PROGRAM
SUBJECT CODE & NAME
BK ID
Credit and Max. Marks
2013
MBADS (SEM 4/SEM 6)
MBAFLEX/ MBAN2 (SEM 4)
PGDHRMN (SEM 2)
MU0017 – TALENT MANAGEMENT AND EMPLOYEE
RETENTION
B1869
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 importance of Talent Management Process. Describe the stages of Talent
Management Process
Answer : Talent management involves individual and organisational development in response to a
changing and complex operating environment. It includes the creation and maintenance of a
supportive, people oriented organisation culture.
Importance of talent management
Like human capital, talent management is gaining increased attention. Talent management (TM)
brings together a number of important human resources (HR) and management initiatives.
Organisations that formally decide to "manage their
2 Describe the top strategies adopted to improve employee retention
Answer : Retention is a method of enabling the members or volunteers to remain active with in an
organisation. Retention mainly focuses on preserving a convenient environment, member morale,
and organisational growth.
A pool of members who have the ability to be the future leaders.

2. A strong pointer for organisational success.
A happy organisational environment.
A group of members who come to your help when required.
Keys to strong retention:
Involvement: Allow involvement of members with program planning and execution, to help with
organisational features and programming. It is important to note that members usually hate
attending meetings for long hours and hearing to what the leaders speak. So, offering them some
encouragement will help them to be an active
3 Explain the key Compensation principles. What do you mean by 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 the financial industry to align employees' incentives
with the long-term profitability of the firm. The Principles call for effective governance of
compensation, and for compensation to be adjusted for all
5 Explain the key elements of a 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 many different aspects of this, but one suggests
that there are two key dimensions that need careful consideration; these are those of "focus" and
"fit".
6 Explain the concept of Talent Acquisition .Explain the talent acquisition strategies
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 :
Support

3. The most essential element in ensuring your company has an ideal customer experience is support.
A superior vendor will offer a product expert to work directly with you to ensure that the first,
critical phase (software implementation) is handled professionally, on time, and to your satisfaction.
After implementation, a team member (accustomed to your companies unique business needs)
should be readily available to oversee your account with a single goal in mind: 100% Customer
Satisfaction. The final tier should include a support expert, available 24 hours a day Monday through
Friday, to answer your questions and concerns. Whether it's
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 )