MU0017 – Talent Management

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Summer 2013

Master of Business Administration- MBA Semester 4

MU0017 – Talent Management

(Book ID: B1338)

Note: Assignment (60 marks) must be written within 6-8 pages. Answer all questions. Kindly note that answers for 10 marks questions should not exceed 400 words.

Q1. Explain the need for talent management?

Answer : Talent management :Talent management refers to the anticipation of required human capital the organization needs at the time then setting a plan to meet those needs. The field dramatically increased in popularity after McKinsey's research and subsequent book on The War for Talent. Talent management in this context does not refer to

Q2. Describe talent selection and talent alignment

Answer : Talent selection : Hiring the right professionals and managers is essential—yet even the best selection process cannot reveal the hidden traits of winning candidates.

1. Always start with the Job Benchmark :

 Review and thoroughly understand the Job Benchmark, which must be completed BEFORE talent  selection begins. The Job Benchmark identifies objective, unbiased and specific talent competencies  (personal and professional skills), motivators and behaviors - requirements for successfully achieving  the job’s Key Accountabilities (defined within the job benchmarking process)

 2 Define and document the

Q3. Write a brief note on ‘promoting ethical behaviour’ in workplace.

Answer : Meaning of ethics :

Ethics, also known as moral philosophy, is a branch of philosophy that involves systematizing, defending and recommending concepts of right and wrong conduct. The term comes from the Greek word ethos, which means "character". Ethics is a complement to Aesthetics in the philosophy field of Axiology. In philosophy, ethics studies the moral behavior in humans and how one should act. Ethics may be divided into four major areas of study.

Explanation :

Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical

Q4. What is talent engagement? What are the objectives of talent engagement?

Answer : Talent engagement :

Talent  engagement, also called worker engagement, is a business management concept. An "engaged employee" is one who is fully involved in, and enthusiastic about their work, and thus will act in a way that furthers their organization's interests. According to Scarlett Surveys, "Employee Engagement is a measurable degree of an employee's positive or negative emotional attachment to their job, colleagues and organization that profoundly influences their willingness to learn and perform at work". Thus engagement is distinctively different from employee satisfaction, motivation and organisational culture. Employee engagement was described in the

Q5. Why is retention vital to organisation? What are the keys to strong retention? Explain some of the retention strategies.

Answer : Retention :

Employee Retention refers to the techniques employed by the management to help the employees stay with the organization for a longer period of time. Employee retention strategies go a long way in motivating the employees so that they stick to the organization for the maximum time and contribute effectively. Sincere efforts must be taken to ensure growth and learning for the employees in their current assignments and for them to enjoy

Q6. What are the elements of total rewards?

Answer : Rewards and total reward :

Reward : Rewards serve many purposes in organization, build a better employment deal, hold on good employees and to reduce turnover. The principal goal is to increase people willingness to work in one’s company, to enhance their productivity. Most people assimilate "rewards", with salary raise or bonuses, but this is only one kind of reward, Extrinsic reward. Studies proves that salespeople prefer pay raises because they feel frustrated by their inability to obtain other rewards, but this behavior can be modified by applying a complete reward strategy.

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