MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION

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ASSIGNMENT

DRIVE	FALL 2014
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.

1 Explain the key elements of Talent Management System.

Answer :  : Most researchers today stress the 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 prevents what will happen in the future to avoid mistakes. There is, however, no such tool and that is why talent management is so

Q2. Define Talent Management. Discuss the Talent management Approaches.

Answer :  Talent management is the integrated process of ensuring that an organization has a continuous supply of highly productive individuals in the right job, at the right time. Rather than a one-time event, talent management is a continuous process that plans talent needs, which includes the following:

·         builds an image to attract the very best

·         ensures that new hires are

Q.3 Explain the key elements of Talent Management System.

Answer :  : Most researchers today stress the 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 prevents what will happen in the future to avoid mistakes. There is, however, no such tool and that is why talent management is so important.

4. Explain the key Compensation principles. What do you mean by Total rewards? Describe the elements of Total rewards.

Answer :  Compensation practices at large financial institutions were a key contributing factor to the global financial crisis. The FSB Principles for Sound Compensation Practices and their Implementation Standards (Principles and Standards, P&S) were developed to align compensation with prudent risk-taking, particularly at significant financial institutions.

The Principles require compensation practices in

Q5. Explain the organizational issues pertaining to Talent Management.

Answer : The concept of talent management seems to be attractive. Talent management is considered to be the process of developing the workforce for the future. The entire idea of talent management has a positive attitude. It is associated with doing things for your best people and developing their strengths. The needs of the organanisations and the individual can be met by talent management.

Organizational issues could be of because of focus and fit. The different types of focus are:

·         Step by step focus.

·         Leadership focus.

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

The leadership team identifies the key job functions and job roles that will be the initial focus of the talent review discussions.

Depending on the need, a talent review could focus on any of these groups:

•             All staff in a particular function or

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.

Dear students get fully solved  SMU MBA Fall 2014 assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601