7 - Talent Retention And Development

Question 1

Human Resource Development

Answer 1

A set of planned activities designed by an organisation to provide its members with the opportunities to learn necessary skills to meet current and future job demands

Question 2

Human Resource Planning

Answer 2

Process of estimating future labour demands and supply in order to manage an organisation’s human Resource requirement in both quantitative and qualitative terms

Question 3

Talent retention

Answer 3

A critical HR strategy to retain the required skilled employees within the organisation. This retention is important for not only keeping employee costs down, but also for ensuring the organisation is equipped to deal with current and future challenges

Question 4

Training

Answer 4

refers to specific, generally short-term methods to transfer knowledge and skills. Can be formal or informal

Question 5

Development

Answer 5

Is usually a longer-term process focused on the acquisition of more complex and deeper competencies

Question 6

Training needs analysis

Answer 6

A process by which the gap between the skills and/or competencies required for the job and those possessed by the employee are identified