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 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.
(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
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