Spring-2015
Get solved
assignments at nominal price of Rs.120 each.
09882651000, 08894387490
Master of
Business Administration- MBA Semester 4
MU0017–Talent
Management and Employee Retention-4 Credits
(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 need for talent
management. What are the consequences of failure in Managing Talent?
Answer. Need for talent management - Talent leaders can’t change global
work trends or today’s economic reality, but they can change people strategies
to respond to those trends and position a company to gear up for growth.
Led by the
Q2. What are the building blocks of
effective talent management system? Explain any one.
Answer. Listing the building blocks
of talent management –
1. Knowing
the competencies that get results
2. Managing
performance well
3. Evaluating
employee potential accurately
4. Recruiting
the
Q3. Define talent planning. What are
objectives and steps of Talent Planning?
Answer. Definition of talent planning
- A conscious,
deliberate approach undertaken to attract, develop and retain people with the
aptitude and abilities to meet current and future organisational needs.
Objectives
of talent planning – Talent management is a key succession planning tool that
provides an integrated means of identifying, selecting, developing and
retaining top talent within our organization which is required for long term
planning.
Q4. What is meant by talent
acquisition? Explain some of the talent acquisition strategies.
Answer. Talent acquisition is the process of finding and
acquiring skilled human labor for organizational needs and to meet any labor
requirement. When used in the context of the recruiting and HR profession,
talent acquisition usually refers to the talent acquisition department or team
within the Human Resources department.
Q5. Why ‘employee engagement’ is
important? What are the factors of engagement? Describe some of the best
practices in talent engagement.
Answer. Importance of employee
engagement -
Employee engagement has become a top business priority for senior executives.
In this rapid cycle economy, business leaders know that having a
high-performing workforce is essential for growth and survival. They recognize
that a highly engaged workforce can increase innovation, productivity, and
bottom-line performance while reducing costs related to hiring and retention in
highly competitive
Q6. Describe some of the major
challenges in talent management.
Answer. Description of major
challenges in talent management
1. Attracting and retaining enough employees at all
levels to meet the needs of organic and inorganic growth. All three companies
are facing a talent crunch. Essar, for example, has grown from 20 thousand
employees to a staggering 60 thousand in the past 3 years. Fifty-five percent
of their employees have less than two years of tenure.
Spring-2015
Get solved
assignments at nominal price of Rs.120 each.
09882651000, 08894387490
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