MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION

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ASSIGNMENT

DRIVE                                               fall 2017

PROGRAM                                       Master of Business Administration- MBA

SEMESTER                                      Semester 4

SUBJECT CODE & NAME            MU0017 – TALENT MANAGEMENT AND EMPLOYEE RETENTION

BK ID                                                 B1869

CREDIT & 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.

Ques 1 What are competency characteristics? Describe some of them.

Ans A competency is a reliably measurable, relatively stable and enduring characteristic of a person, team or an organisation that causes and statistically predicts a criterion level of performance (

Ques 2  Define Talent Management. Discuss the Talent management Approaches.

Ans

Definition of Talent Management

Talent management 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 organisational needs by fulfilling the business/operation critical roles. The

Q3. Briefly describe the different Talent Management Processes?

Description of Talent management processes

Answer:

Key Processes of Talent Management

Organisations are made up of people who in turn create value through proven business processes, innovation, customer service, and many other important activities.

In order to meet its

Ques 4 Explain the key Compensation principles. What do you mean by Total rewards?

Ans There are few key compensation principles. They are:

 Consider the unique characteristics and specific needs of

organisation: The unique characteristics and specific needs of the organisation need to be considered for the formulation of compensation plans. An understanding of compensation plans among

Ques 5 Explain the role of IT in Talent Management Systems.

Ans The globalization and advancement in information technology (IT), in which developing countries play a major role, has caused a “war for talent.” To meet challenging growth targets, service providers find that recruitment and retention are of key importance. For developing

Ques 6 Write short notes on:

a)Promoting ethics in workplace

b)Talent Review

Ansa) Promoting ethics in workplace- Ethics is study of values or principles relating to right or wrong behaviour, also known as morality. Ethics is very important for the sustenance of an organization. If the organization and its people practice ethics in their day to day business

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