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Description
| SESSION | JAN – FEB 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | IV |
| COURSE CODE & NAME | DHRM403 TALENT MANAGEMENT AND EMPLOYEE RETENTION |
Assignment Set – 1
Q1. Explain the need for talent management in any organisation.
Ans 1.
Need for Talent Management in Any Organisation
Talent Management
Talent management refers to the strategic process of attracting, developing, retaining, and utilizing individuals who can significantly contribute to an organization’s performance. It plays a critical role in ensuring that the right people are in the right roles, at the right time, and equipped with the right skills to meet business objectives.
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Q2. Describe the components of adaptive talent strategy.
Ans 2.
Components of Adaptive Talent Strategy
Adaptive Talent Strategy
An adaptive talent strategy refers to a flexible and responsive approach to managing talent in alignment with evolving business needs, market changes, and workforce expectations. In today’s dynamic environment, organizations must shift from rigid traditional HR practices to agile talent strategies that
Q3. Discuss the objectives of talent planning.
Ans 3.
Objectives of Talent Planning
Talent Planning
Talent planning is a strategic process that focuses on aligning the organization’s future talent needs with its business goals. It includes forecasting workforce requirements, identifying gaps in talent, and developing strategies to attract, develop, and retain employees. Talent planning ensures that
Assignment Set – 2
Q4. Briefly explain the role of feedback in the performance appraisal feedback system.
Ans 4.
Role of Feedback in the Performance Appraisal Feedback System
Feedback in Appraisals
Feedback is a vital element of the performance appraisal process. It serves as a communication mechanism that informs employees about their performance, highlights strengths, points out areas of improvement, and guides future behavior. In a well-designed performance management system, feedback is not just a formality but a powerful tool for employee development
Q5. Explain the term retention. Discuss its importance.
Ans 5.
Understanding the Term Retention
Retention refers to the ability of an organization to retain its employees over time, particularly high-performing and skilled individuals. It is the process of ensuring that employees remain
Q6. Discuss the challenges in talent management.
Ans 6.
Challenges in Talent Management
Dynamic Business Environment
One of the major challenges in talent management is keeping up with the rapidly changing business landscape. As industries evolve due to technological advancements, market trends, and globalization, organizations must constantly update their talent strategies. The skills required today may not be relevant tomorrow, making it difficult to hire and retain future-ready talen