MU0017-Talent Management and Employee Retention

FALL-2015
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Master of Business Administration - MBA Semester 4
MU0017-Talent Management and Employee Retention
(Book ID: B1869)
Assignment (60 Marks)
Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10
marks 6 X 10=60.
Q1. Explain the key elements of Talent Management System.
Answer. Key Elements of a Talent Management System
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 organizations due to the continuing global talent shortage, the changing worldview of work
by new generation employees
Q2. Define Talent Management. Discuss the Talent management Approaches.
Answer. Talent Management
Talent Management is useful to both the organization and the employees. It 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 organizational needs by fulfilling the
business/operation critical roles. Its goal is to
Q3. What is the responsibilities undertaken by an HR to ensure compliance to regulations? Explain the
steps involved in ensuring safe work environments
Answer. HR duties to ensure compliance to regulations:
 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

Q4. What do you mean by Total Rewards? Discuss the elements of Total Rewards.
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 organization.
Q5. Explain the organizational issues pertaining to Talent Management.
Answer. Organizational issues pertaining to Talent Management
Organizational 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
Q6. Write short notes on:
A) Workforce Analysis
B) Talent Review
Answer. a. Workforce Analysis
It is a systematic process in which an organization identifies the critical jobs and competencies, needed for
the current and future employees, and develops strategies to overcome any gaps.
Its main priority is using information to obtain an overview of the workforce and targeting talent
management initiatives which include:
a) Identifying critical job roles for analysis and planning.
b) Reviewing knowledge/
FALL-2015
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