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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
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ASSIGNMENT
DRIVE WINTER 2015
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.
Q1 Explain the key elements of Talent Management System.
Answer: : Most researcherstodaystressthe 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 preventswhatwill happeninthe future toavoid 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".
Q2. Explain the importance of Talent Management Process. Describe the stages of Talent
Management Process.
Answer: Talentmanagementinvolvesindividual 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 talent" undertake a strategic analysis of their
current HR processes. This is to ensure

2. Q3 Define talent planning. What are objectives and steps of Talent Planning?
Answer:By definition,talentplanningisdesigned to use an organization’s existing capabilities and
potential tomeetcurrentandfuture businessneeds.Properlyleveraged, it creates a foundation on
which to build and link critical talent management processes, including sourcing, succession
management, leadership development and performance management.
When focused on near-term business needs, talent planning concentrates on maximizing the
effectiveness of current talent, and when considering future business needs, it is designed to
promote bench strength and create readiness for movement. In the post-economic crisis business
environment, meeting future business challenges by bolstering capabilities and fostering
development in order to engage
4. Explain the key Compensation principles. What do you mean by Total rewards? Describe the
elements of Total rewards.
Answer: Compensationpractices atlarge financial institutionswereakey contributing factor to the
global financial crisis. The FSB Principles for Sound Compensation Practices and their
ImplementationStandards(Principles and Standards, P&S) were developed to align compensation
with prudent risk-taking, particularly at significant financial institutions.
The Principlesrequire compensationpracticesinthe financial industrytoalignemployees'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 types of risk, to be symmetric with risk
outcomes,andto be sensitivetothe time horizonof risks.The Principlesare intended to apply to all
significant financial institutions but are especially critical for large, systemically important firms.
5. 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
administrativerelief,more time isspenton evaluating and stepping up to deliver –strategic human
capital management (HCM).
Talent acquisition strategies :
Support
The most essential elementinensuringyourcompanyhas 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) ishandledprofessionally,ontime,andto your satisfaction.
After implementation, a team member (
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

3. The leadershipteamidentifiesthe keyjobfunctionsandjobrolesthatwill be the initial focus of the
talent review discussions.
Depending on the need, a talent review
b)Talent Review
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.
The goal is to get a collective perspective of strengths, needs and development opportunities for
specificemployees,andtoidentifythe organization's"talentpool."Readinessforkeyassignmentsor
future jobs is considered.
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 )