MU0017 - TALENT MANAGEMENT AND EMPLOYEE RETENTION

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DRIVE- summer 2016
Semester- (SEM 4)
Subject code & name-MU0017 - TALENT MANAGEMENT AND EMPLOYEE RETENTION
Q1. Explain the need for talent management. What are the consequences of failure in Managing Talent?
(Need for talent management-7 marks, Consequences of failure in Managing Talent-3 marks) 10 marks
Answer.
Talent management
 A conscious and systematic approach taken up to attract, identify, develop and retain people with aptitude and abilities to meet current and future organizational needs by fulfilling the business/operation critical roles.
In some organizations only the key performing individuals are associated with the term talent or talent management. However, it is


Q2. What are the building blocks of effective talent management system? Explain any one.
(Listing the building blocks of talent management-1 marks, Explanation of any one of the building blocks-9 marks) 10 marks
Answer.
Four Building Blocks of Effective Talent Management System
Successful companies seek to determine the actual or potentials of each employee’s capability for adding value to the organization. This allows them to maximize their contribution through appropriate investment in training and development. Improper allocation of compensation and training recourses can result in unwanted turnover, morale, and performance related issues, especially among those employees it can ill afford to lose.
The building


Q3. Define talent planning. What are objectives and steps of Talent Planning?
(Definition of talent planning-3 marks, Objectives of talent planning-3 marks, Steps of talent planning-4 marks) 10 marks
Answer.
Talent planning-an overview
Talent planning mainly focuses on the responsibilities of leaders. These responsibilities include developing the workforce and also think about their future roles and assignments determined by the organizational needs.
Objectives of Talent Planning


Q4. What is meant by talent acquisition? Explain some of the talent acquisition strategies.
(Meaning of talent acquisition-3 marks, Explanation of talent acquisition strategies-7 marks) 10 marks
Answer.
Talent Acquisition
Talent acquisition is an influential software tool used to administer all the sub-processes that are involved in recognizing, attracting, and finally employing highly-talented and skilled people who are more productive for the company. The main advantage of the talent acquisition software is that it reorganizes the complete hiring process and significantly decreases the overall recruitment expenses. It also facilitates the managers and recruiters in a single online setting to create and post applications, look for the talent acquisition pool, screen candidates, carry out background checks


Q5. Why ‘employee engagement’ is important? What are the factors of engagement? Describe some of the best practices in talent engagement.
(Importance of employee engagement-2 marks, Factors of engagement-2 marks, Best practices in talent engagement-6 marks) 10 marks
Answer.
Employee Engagement and Retention
According to AlphaMeasure, employee engagement is the level of dedication and contribution of the employees towards their organization and its principles or values.
The most important behaviors of engaged employees include:
·         Talking about some good things and being positive about the organization to colleagues, potential employees, and

Q6. Describe some of the major challenges in talent management. (Description of major challenges in talent management) 10 marks
Answer.
Today’s top 10 Talent Management Challenges
Talent management is the systematic attraction, identification, development, engagement/retention and deployment of the employees. These employees are of particular value to an organization, either in view of their „high potential for the future or

Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601


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