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ASSIGNMENT
DRIVE Winter
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.
Ans A competency is
a reliably measurable, relatively stable and enduring characteristic 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 demonstrate certain competency characteristics.
“Relatively stable and enduring characteristics” refer to the in the
demonstrating certain competencies by person X.
There
are two basic levels of
Ques 2 Define
Talent Management. Discuss the Talent management Approaches.
Ans
Definition of Talent 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 performance, sustainable organization that meets its strategic and operational
goals and objectives. (John Hokins University press) In some organisations
Q3. Briefly describe the different Talent Management
Processes?
Description of Talent management processes
Answer:
Key Processes of Talent Management
Organisations
are made up of people who in turn create value through proven business
processes, innovation, customer service, and many other important activities.
In order
to meet its business goals, an organisation must make sure that it has a
continuous and integrated
Ques 4 Explain the key Compensation principles. What
do you mean by Total rewards?
Ans There 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
Ques 5 Explain the role of IT in Talent Management
Systems.
Ans The
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 developing countries globalization offers the opportunity
for economic development. The major concern 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
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