mu0017 talent management and employee retention smu mba solved assignment winter 2013-2014

Dear students to get solved assignments of SMU MBA WINTER 2014 call us at 8510092683 or mail us at mhanda74@gmail.com

MU0017 TALENT MANAGEMENT AND EMPLOYEE RETENTION

1 Explain the importance of Talent Management Process. Describe the stages of Talent Management Process

Answer: Importance of Talent Management Process The implementation of a talent management process that is transparent and equitable can create an environment for people to develop their skills in preparation for a range of future possibilities thereby preparing the workplace for changing roles.

2 Describe the top strategies adopted to improve employee retention

Answer: Top strategies to improve employee retention

Given below is the list of main strategies adopted to build dedication and loyalty among employees and enhancing the department's retention rate: 1. Propose reasonable and competitive salaries: Employee loyalty is assured by both reasonable compensation and offering reasonable salary. Regular salary reviews are conducted for various job designations entry-level and experienced workforce to retain employees.

3 Explain the key Compensation principles. What do you mean by Total rewards?

Answer: 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.

4 What are the responsibilities undertaken by an HR to ensure compliance to regulations? Explain the steps involved in ensuring safe work environments

Answer: Ensuring compliance to regulations HR compliance is important for any business in the present day’s legal environment. Effective HR compliance programs need to be integrated into any business strategies.

5 Explain the key elements of a Talent Management System

Answer: Key Elements of Talent Management System Talent management practices and techniques have evolved over time in response to a changing workplace.

6 Explain the concept of Talent Acquisition .Explain the talent acquisition strategies

Answer: Concept of talent acquisition Talent acquisition is a cyclical process in which all the sub-processes including recognising, attracting, and recruiting highly talented candidates are carried out. This includes elements of employment branding, outreach, networking, and relationship building with potential candidate communities to continually build and enhance the talent pool for an organization. In addition, defining it as a cycle introduces the concept that the processes are connected and interrelated, rather than isolated events.

Dear students to get solved assignments of SMU MBA WINTER 2014 call us at 8510092683 or mail us at mhanda74@gmail.com