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DRIVE-Fall 2014
PROGRAMMBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4)
PGDHRMN (SEM 2)
SUBJECT CODE & NAME-MU0017 – Talent Management
BK ID-B1869
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:
Performance: A performance
management system increases the productivity and confidence in an organisation,
if planned and implemented effectively. Performance management systems should
be visibly related to training or development and recognition or compensation
systems within the organisation in order to increase productivity and
retention.
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
refers to the anticipation of required human capital for an organization and
the planning to meet those needs. Talent management in this context does not
refer to the management of entertainers.
Talent management is
the science of using strategic human resource planning to improve business
value and to make it possible for companies and organisations to reach their
goals. Everything done to recruit, retain, develop, reward and m
Q3.
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:
Performance: A performance
management system increases the productivity and confidence in an organisation,
if planned and implemented effectively. Performance management systems should
be visibly related to training or development and recognition or compensation
systems within the organisation in order to increase productivity and
retention.
Q.4
Explain the key Compensation principles. What do you mean by Total rewards?
Describe the elements of Total rewards. [Explaining the key compensation
principles, Definition of Total rewards, Explaining the elements of Total
rewards]
ANS:
Total Rewards
All of the tools available to the employer
that may be used to attract, motivate and retain employees. Total rewards
include everything the employee perceives to be of value resulting from the
employment relationship.
Key compensation principles
There are few key
compensation principles. They are:
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:
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
Workforce Analysis
provides information regarding the current workforce across mission critical
occupations, including demographic and background characteristics of the
current workforce, retirement eligibility, turnover, and various workforce
management issues (i.e., recruitment and retention). This information is
valuable in understanding
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