PROGRAM - MBA - SEMESTER - 4

SUBJECT CODE & NAME - MU0017 TALENT

MANAGEMENT AND EMPLOYEE RETENTION
1. What are competency characteristics? Describe
some of them.
Competency characteristics
A competency is a reasonably profound and long-term component of a
persons personality and can forecast behaviour in a wide range of situations
and job tasks. It also causes or forecasts behaviour and performance of an
individual. The competency forecasts which is evaluated on a specific criterion or
standard tells whether a person has performed well or poorly. Competency
characteristics are content knowledge, behaviour skills, cognitive processing,
personality traits, values, motives, and occasionally other perceptual or
sensorimotor capabilities (reaction time for combat pilots, visual acuity for
designers), which validly predict performance outcome criteria.

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2. Define Talent Management. Discuss the Talent

management Approaches.
Definition of Talent Management

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 highperformance, sustainable
organization that meets its strategic and operational goals and objectives. (John
Hokins University press)
In some organisations only the key performing individuals are associated with
the term talent or talent management and generally more attention is paid to
employees with exceptional skills.

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3.
Briefly
describe
Management Processes?

the

different

Talent

Different Talent Management Processes

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 process for talent management which includes the
following:
Workforce planning: This process establishes workforce and hiring plans,
compensation budgets, and hiring targets for the year.

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4. Explain the key Compensation principles. What
do you mean by Total rewards? Describe the
elements of Total rewards
Key Compensation Principles
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
programs and their implementation and
alignment refers to the measures, performance requirements, reward, and the
cultural values of the organisation.
Integrated total rewards system: Compensation plans need to be
expanded and integrated along with the programs, tools and practices that impact
the action of people, so as to effectively

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5. Explain the role of IT in Talent Management

Systems.
Role of IT in Talent Management Systems
Talent management is an ongoing procedure of methodically recognising,
assessing, and developing the talent for upcoming crucial roles. This helps in
ensuring the stability and successful organisational performance.
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
todays organization is

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6. Write short notes on:

a) Promoting ethics in workplace

b) Talent Review
(a) Promoting positive ethics in the workplace
Ethics act as a basic business term as it is applicable to all workplaces.
Employees who do not follow ethical values in their workplace can increase the
possibility of both organisational corruption and legal problems. In any job, it is
very important that employees behaviour must be in agreement with both
workplace policies and relevant state and federal laws. Failing to follow workplace
behavioural ethics can damage and even destroy organisations.
Four keys to promote ethical behaviour in the workplace
The four major keys
workplace include:

involved

in

promotion

of

ethical

behaviour

in

Confess.
Follow the book.
Good communication and information.
Consider the Problem Trio.

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the