Saturday, 29 October 2016

mu0017 smu mba fall 2016 (jan/feb 2017 exam) IVth sem assignment

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ASSIGNMENT
DRIVE                                               FALL 2016
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.
AnsA competency is a reliably measurable, relatively stable and enduringcharacteristic of a person, team or an organisation that causes and statistically predicts a criterion level of performance (Berger and Berger).
“Reliably measurable” means two or more independent persons agree statistically that certain person named X


Ques 2  Define Talent Management. Discuss the Talent management Approaches.
AnsWe have learnt that ‘competence’ is specific skills and knowledge that helpsin the achievement of objectives that contribute to business goals and a competence model is an organized framework

Ques 3 Definition of Talent Management
AnsTalent 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 goal of talent management is to create a high

Ques 4 Explain the key Compensation principles. What do you mean by Total rewards?
AnsThere 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 competitors will create a competitive edge. The process should be developed in alignment with the strategic requirements of the company. Here process refers to the approach to the programs

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

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 dealings, it will demonstrate the ethos and values of the organization, which will go a long way in creating its brand image and build competitive advantage.
The most enhanced way to make sure that ethical behaviour is a part ofroutine organisational life is to include the required behaviours into employee selection criteria and then make them part of the performance evaluation, promotion, and reward systems. By adopting this method, the board can

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