MU0017 - TALENT MANAGEMENT AND EMPLOYEE RETENTION

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ASSIGNMENT

DRIVE	SUMMER 2015
PROGRAM/ SEMESTER	MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) PGDHRMN – (SEM 2)
SUBJECT CODE & NAME	MU0017 - TALENT MANAGEMENT AND EMPLOYEE RETENTION
BOOK ID	B1869
CREDITS	4
Max. MARKS	60

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 need for talent management. What are the consequences of failure in Managing Talent?

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 the management of entertainers.

Talent Management is the science of using

2 What are the building blocks of effective talent management system? Explain any one.

Answer : For all that has been written and said about integrated talent management in recent years, the variety of definitions and interpretations of what it means continues to evolve among human resources, workplace learning, and organizational development professionals. To some, it equates to all the infrastructure, processes, and activities within the employee life cycle, from recruiting through the end of employment. To others, it refers only to the systems or software used to manage everything from performance appraisals to 360-

3 Define talent planning. What are objectives and steps of Talent Planning?

Answer : By definition, talent planning is designed to use an organization’s existing capabilities and potential to meet current and future business needs. Properly leveraged, it creates a foundation on which to build and link critical talent management processes, including sourcing, succession management, leadership development and performance management.

When focused on near-term business needs,

4 What is meant by talent acquisition? Explain some of the talent acquisition strategies.

Answer : As customers continue to request services that offer more value than simply HR administrative relief, more time is spent on evaluating and stepping up to deliver –strategic human capital management (HCM).

Talent acquisition strategies :

Support

The most essential element in ensuring your company has an

5 Why ‘employee engagement’ is important? What are the factors of engagement? Describe some of the best practices in talent engagement.

Answer : Employee Engagement is not important. That’s what this article argues. The author also argues that employee engagement is simply a re-brand of employee satisfaction and simply a means for companies to sell more survey instruments to organisations.

1) Employee satisfaction is entirely different from employee engagement.

Employee satisfaction measures how happy an

6 Describe some of the major challenges in talent management.

Answer : Challenges Faced by Recruiters in talent management.

Applicant Tracking

Long gone are the days when email folders and filing cabinets could be considered viable systems for searching and screening candidates. The war for top talent is becoming increasingly competitive and losing qualified candidates in paper piles is one preventable way for companies to not fall behind the pack.

With a Talent Acquisition Software, businesses can ensure that resumes won't get lost in the shuffle and candidates won't slip through the cracks. Primary benefits of applicant tracking include eliminating duplicate records for improved

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601