SIT Five Concepts Talent Management Discussions

Question Description

Question 1

During the Covid-19 pandemic, many employees have lost their jobs through retrenchment.These employees also do not have the competencies required by companies seeking to hire.They are also not willing to change industries because of the lack of knowledge of newindustries and the job scope, thus resulting in a misalignment between the retrenchedemployees and the hiring companies. Thus, the question of how can unemployed individualsadapt to the changing economic landscape while companies attempt to find the best fit for thejob? needs to be urgently addressed.

(a) Given the changing economic landscape in Singapore, companies need to train anddevelop their staff to prepare them for future jobs. One way is by managing talent.Identify and explain five (5) concepts of talent management that can be adopted by thehigh-tech companies. You also need to explain how managers can apply five (5) keysteps of talent management, and discuss five (5) reasons on the need to manage talent.Provide relevant examples.

(60 marks)

(Word limits: 750 to 900 words)

(b) Future jobs will largely be in the field of knowledge. Knowledge and information thatonce lay with the top people is now easily accessible to all members in organisations.Research has shown that as employees become more educated, they have higherexpectations and it is more challenging for them to be told how to do their work.Evaluate any two (2) of the five challenges for companies to manage knowledge.Provide relevant examples.

(20 marks)

(Word limits: 250 to 300 words)

(c) Noe (2017) in his book Employee Training and Development mentioned that one ofthe forces impacting learning is the high value placed on intangible assets. Appraiseany two (2) of the four intangible assets that companies, especially in the social servicesector, need to be aware of as they prepare their employees for future jobs. Providerelevant examples.

(20 marks)

(Word limits: 250 to 300 words)

Try to touch upon the topics in the attached PowerPoint slides when answering the questions.

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