MU0017–Talent Management and Employee Retention

Spring-2015

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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 senior leadership team, organizations must apply the same rigor they use to create an overall business strategy to create a

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

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,

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 talent

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.

2. Creating a value proposition that appeals to multiple generations. With four generations in today's workplace, most companies are struggling to create an employee experience that appeals to individuals with diverse needs, preferences

Spring-2015

Get solved assignments at nominal price of Rs.120 each.

Mail us at: subjects4u@gmail.com or contact at

08894344452, 08894387490