DHRM403 – TALENT MANAGEMENT & EMPLOYEE RETENTION

Description

SESSION	JUL-AUG 2024
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	IV
COURSE CODE & NAME	DHRM403 TALENT MANAGEMENT & EMPLOYEE RETENTION

 

 

 

Assignment Set – 1

 

 

1. Describe the major activities of Talent Management.

Ans 1.

Major Activities of Talent Management

Talent management is a strategic and comprehensive approach to attracting, developing, retaining, and utilizing skilled employees to meet current and future business needs. It encompasses several activities that ensure an organization has the right talent in the right roles at the right time. Below are the major activities involved in talent management:

1. Workforce Planning

 

 

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2. Discuss five elements that can be useful for firms to meet industry needs in the post recession era.

Ans 2.

Five Elements Useful for Firms in the Post-Recession Era

The post-recession era presents both challenges and opportunities for organizations as they navigate economic recovery and growth. To thrive in this environment, firms must adapt their strategies to meet industry needs. Below are five critical elements that can be useful for firms in this context:

1. Agility and Adaptability
   Organizations need to be agile and adaptable to respond quickly to changes in the market, technology, and consumer behavior. Agility involves restructuring business processes, adopting flexible work models,

 

 

3. What are the various categories of Competencies?

Ans 3.

Various Categories of Competencies

Competencies refer to the combination of knowledge, skills, abilities, and behaviors that enable individuals to perform tasks effectively. Organizations classify competencies into various categories to better align them with job roles, organizational goals, and individual development plans. Below are the primary categories of competencies:

1. Core Competencies

 

 

 

Assignment Set – 2

 

 

4. What are the top strategies to improve employee retention?

Ans 4.

Top Strategies to Improve Employee Retention

Employee retention is a critical factor in organizational success, as it reduces turnover costs, preserves institutional knowledge, and fosters a stable work environment. To improve employee retention, organizations must adopt comprehensive strategies that address employee satisfaction, engagement, and career growth. Below are the top strategies for enhancing employee retention:

1. Offering Competitive

 

 

5. Describe some of the concepts in modern recruitment methods.

Ans 5.

Concepts in Modern Recruitment Methods

Modern recruitment methods have evolved significantly, driven by advancements in technology, changing workforce expectations, and the need for more efficient hiring processes. These methods emphasize data-driven approaches, enhanced candidate experiences, and diversity. Below are key concepts in modern recruitmen

 

6. What are the ways to ensure Employee Safety at Workplace?

Ans 6.

Ways to Ensure Employee Safety at the Workplace

Ensuring employee safety is a critical responsibility for organizations. A safe workplace protects employees from physical, emotional, and mental harm while fostering productivity and morale. Below are the primary ways to ensure workplace safety:

1. Establishing a Comprehensive Safety Policy
   A well-defined safety policy serves as the foundation for creating a safe workplace. The policy should outline safety objectives, responsibilities, and procedures. It should be communicated clearly to all employees and regularly updated to align with evolving workplace requirements and regulatio