Master of Commerce (M.Com.) Talent Management Syllabus - Mumbai University

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Syllabus for Talent Management

Mandatory course · Semester 3 · M.Com. Business Management · 4 credits · 100 marks

Module I

Unit 1 Talent Management A. Meaning of Talent Management, McKinsey (1990) definition of Talent Management, Challenges of Talent Management like ------ Ignorance of ‘B-players, changing workforce
demographics, fill the gap between Talented Employees and Potential Talent, absence
of a clear plan and strategy to develop skills and capacity at all levels for all employees, Demand - Supply Gap, Transparent Talent Management System, Senior Employees, Gap between corporate requirements and Educational System, Cost Factor, Talent Retention, Higher salaries and good working environment, Fair
Performance Management System, Succession Planning, Career Management B. Functions of Talent Management, 3Cs of Talent Management – Competency, Commitment and Contribution, Talent Acquisition, Talent Management and Organizational Culture, Talent Management Implementation – Top Management
Perspective, Human Resource Managers’ Perspective
Unit 2 Talent Management Practices A Job Related Factors of --- Job Design, Role Design, Job Rotation, Career Development, Succession Planning Recruitment & Selection Related Factors of Talent Management
Internal Recruitment, External Recruitment, Selection Process Techniques B. Training & Appraisal Related Factors of Talent Management – Internal Coaching, Mentoring & Buddy System, Performance Management System, 360 degree feedback
and rigorous assessment Employee Key Related Factors of Talent
ManagementEmployee Engagement, Employee Retention, Employee Performance, HR
System, Compensation management

Module II

Unit 3 Talent Management in Indian Service Sectors & Public Sector Undertakings
Meaning of Indian Service Sectors, Talent Management in Indian Service Sectors – Oil A.
& Gas Sector, Insurance Sector, Banking Sector, Education Se4ctor, Power Sector, IT
Sector , Hotel Industry, Health Care sector B. Meaning of Public Sector Undertakings, Talent Management inPublic Sector Undertakings- Rashtriya Chemicals & Fertilizers Limited (RCF), Public Sector --Railways
Unit 4 Talent Crunch A. Meaning of Talent Crunch, Talent Crunch Constituents ----- Industry rigid Policies of Recruitment, selection and retention of employees, Academia – Conventional Education
versus Professional Education, Government machinery factors contributing to talent
crunch – Nepotism and Redtapism B. Government Driven measures to tackle talent crunch problems- Making Primary and Secondary Education and higher education relevant to Industry needs, National
Education Policies --- 1986 and NEP 2020, Role of Government and Industry/Organisations in building skilled talents in youth ----- Ministry of Skill
Development and Entrepreneurship (MSDE), Indian Chamber of Commerce for Affirmative Action (ICCAA), National Council of Educational Research and Training
(NCERT), Institute of Chartered Accountants of India (ICAI), Confederation of Indian
Industry (CII)

Reference

1 Scott Keller and Mary Meany- Attracting and Retaining Talent , November 2017, Mckinsey& Company
2 StaffanNilson, Per-Erik Ellstrom, 2012, Employability and talent Management challenges for HRD Practices , European Journal for Training and Development Vol 36, No 1
3 Michaels Ed, Helen Handfield - Jones , Beth Axelrod, 2001—The War for Talent, Harvard Business School Press, McKinsey&Company,Inc, USA
4 Matthew Guthridge, Asmus B Kommamd Emily Lawson, 2 008, Making Talent a strategic Priority, The Mckinsey Quarterly : The Online Journal of Mckinsey& Co

Reproduced from the University of Mumbai syllabus for M.Com. (Business Management) under NEP 2020, in force from the academic year 2023-24. Wording is as printed in that syllabus. Module numbering is as printed there too.

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