DRIVE-SPRING 2014
PROGRAMMBADS (SEM
4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDHRMN (SEM 2)
SUBJECT CODE &
NAME-MU0017 – Talent Management
BK ID-B1869
CREDIT & MARKS-4
Credits, 60 marks
Q1. Explain the key
elements of Talent Management System.
(Explaining the key
elements of a Talent Management system) 10
Answer.
Key elements of
a Talent Management system
The key elements of Talent
Management System are explained as follows:
Recruitment and Selection: Recruitment is the process of
finding and hiring the best-qualified candidate for a job opening, in a timely
and cost effective manner. Recruitment and retention have become a big
challenge for organisations due to the continuing global talent shortage, the
changing worldview of work by new generation employees entering the workforce, and
the ever increasing evidence that poor recruitment decisions have a direct
Q2. Define Talent
Management. Discuss the Talent management Approaches.
(Definition of
Talent Management, Explaining the Talent management Approaches)2,8
Answer.
Talent
Management
Talent Management is useful to
both the organisation and the employees. 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.
Q3. What are the
responsibilities undertaken by an HR to ensure compliance to regulations?
Explain the steps involved in ensuring safe work environments
(Explaining the HR
duties to ensure compliance to regulations, Explaining the steps involved in
ensuring safe work environments) 4, 6
Answer.
HR duties to
ensure compliance to regulations
To ensure compliance to
regulations, the HR must:
·
Have
the right skills and experience to support the compliance process.
·
Be
updated with all the laws as the laws change constantly, and communicate the
same to all the employees.
·
Create
manuals on HR policy, regularly update it, and get it reviewed by the lawyer
before implementing it.
·
Train
managers and review the policy with each manager, as they interact regularly
with the employees. They
Q4. What do you
mean by Total Rewards? Discuss the elements of Total Rewards.
(Meaning of Total Rewards,
Explaining the elements of Total Rewards)2,8
Answer.
Total Rewards
Total rewards include everything
the employees perceive to be of value resulting from the employment
relationship. The general elements of total rewards include salary, bonuses,
stock options or participation in the equity of the organisation. All these
elements involve financial investments. Rewards which do not result in monetary
benefit can also be used.
Q5. Explain the
organizational issues pertaining to Talent Management.
(Explain the
organizational issues pertaining to Talent Management)10
Answer.
Organizational
issues pertaining to Talent Management
Organisational issues pertaining
to talent management could arise because of focus and fit.
(i) Focus: The different types of focus
are:
Step by step focus: In this, managers look for employees
with potential to take one step ahead in their career. Talent management needs
to have a proactive approach to both skill enhancement and career progress
Q6. Write short
notes on:
A) Workforce
Analysis
B) Talent Review
(A brief note on
Workforce Analysis, Concept and importance of Talent review) 5,5
Answer.
A) Workforce
Analysis
It is a systematic process in
which an organisation identifies the critical jobs and competencies, needed for
the current
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