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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
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