Description
Solution
Ethical values is identified as “moral-based compass for people lives and ensuring decisions are made, executing the appropriate practice”. Also, in line with provisions presented by CIPD HR Professional Map, the ethical practice represent a main behaviour evidencing the level of impact on people lives and reputation.
The personal values examples are;
Equality– Basically, according to AIHR (2022), this include managing the employees similarly with equal opportunities granted. Equality is assured irrespective of employees possessing varying ages, genders, and demography. Working in Saudi Aramco for example, as part of my recruitment initiatives, the employees are provided with equal amount of time to execute their roles as a core area for resourcing. This influence a feel of appreciation in their functions and readiness in joining the resourced functions. This is at the same time increasing the employees retention.
Valuing others– In CIPD Map, this is identified as a practice of core behaviours. This entail valuing the rest and critical to ensure people perspectives are included in organisation decision making. In my position in Saudi Aramco, I make sure that I value others by improving decision making by being dedicated in offering clients with services expected. The outcome of this is sufficient organisation support. I ensure that I empower all employees and encourage them to use knowledge to implement their functions. In Saudi Aramco for instance, after a feel of unappreciation, reduced performance was evident and impacting organisation practices.
Fairness– A process of treating all people in a fair manner is a strategy of balance of stakeholders interests and support. For example, in my role as a people professional for Saudi Aramco, I pursue the process to ensure entire policies and initiatives for reward management fairly pursued. For example, issue employees with rewards, I make sure men and women who work in same job roles are paid the same. This is while gender pay reporting being provided as part of their practice. Through a fair treatment of employees, trust levels in the organisation is harnessed, morale increase, loyalty increased with performance. In cases where fairness is lacking, employees possess less productivity and engage in unwarranted activities leading to increase in their turnover.
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- Enhanced Suppliers Performance- With an upward of 50,000 orders annually with 40% valued more than 5 million Omanis and 50% 20 Million Omanis, failure to timely settle invoices, demand for high quality materials and minimising effects would be considered.
- Cost savings- With improved SRM, it is possible for Oxy to negotiate appropriate terms, lower procurement costs (5 Rights not currently achieved) hence working below targets and lead times delivery reduced and achieving economies of scale.
- Increased efficiency- improved and streamlined SRM improve operational efficiency, reducing wastes in administration process for SRM (25% of entire suppliers pay delayed)
- Risk mitigation- this include identification of risks linked with suppliers such as dissatisfaction, financial instability and geopolitical challenges
- Oxy organisation PS&M is supposed to come up with appropriate systems and techniques for improvement of SRM
- Oxy organisation need to make sure they use various automations including AI and robotics for improving collaboration and SRM efficiency.
- Facilitate policies management for improving their operations in onshore and offshore operations with an improved SRM
- Short courses on SRM need to be provided starting with PS&M leadership to achieve 50% increase in awareness of SRM improvements areas.
- Stakeholders relations improved by leveraging on available technologies of communication and interaction.
- Ensure there is 70% increase in budget on SRM improvements
