(Solution) CIPD 5C002 (AC2.2) Present key findings for stakeholders from people practice activities and initiatives
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Description
Solution
| (AC2.2) Present key findings for stakeholders from people practice activities and initiatives.
There is NO requirement for references in this task. Word count: Approximately 250 words |
| Pie Chart
For this pie chart, it evidence performance management in Admin department having 28% recording existence of an outstanding performance. This is with a further 18% having achieved Key Performance Indicators (KPIs). An equal 27% similarly highlighted underperforming with 18% being not quite there. Bar Graph The identified performance metrics highlight the administration departments in the second quarter as having partly 9.09% demonstrating outstanding performance. This is with 36.36% noting as meeting their KPIs and Not quite. Further, those who had underperforming scope. This evidence need for further improvement. Column Graph Considering the issued bonuses findings, a similar bonus of £10,340 in both quarters issued to the staff. The level of stability evidence constant rewards provided and failing in listing issues from Q1 and Q2 accounting to £20,680. The identified scheduling enhance consistency in performance and financially loyal employees.
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- This was established after the post-negotiation review which brought out fundamental lessons about the supplier and our company’s negotiation pattern.
- As for certain important aspects, we indeed secured favourable financing conditions; yet, problems arose in attempting to synchronize delivery schedules since such conditions are affected by external supply chain factors.
- The supplier had the better BATNA and acted in a cooperative but very assertive way, and elaborated why the correct approach to negotiations is more equal.
- Further, the experience showed how flexible one has to be, how innovative, and how it pays to be more interested in long-term partnership rather than quick profit. Therefore, it will be useful in the future to improve the techniques of negotiation, improve the knowledge about the actions of suppliers, and improve intercompany and supplier cooperation.
- This will ensure that in future procurement negotiations; better outcomes are achieved.
- ROSHN should ensure that all negotiations within the next 6 months include specific metrics for delivery timelines, quality standards, and service levels, aiming for a 90% satisfaction rate in supplier compliance with these criteria. This approach will help secure more balanced and sustainable agreements.
- Over the next 12 months, ROSHN should develop a supplier relationship management program with bi-annual assessments to track and improve partnership quality. Target at least a 15% increase in supplier engagement scores by the end of the year to gain favorable bargaining positions during market downturns.
- Within 1 month of each major negotiation, conduct debriefing sessions to analyze performance, identify strengths, and address weaknesses. The goal is to improve negotiation effectiveness by at least 10% in the subsequent quarter through targeted adjustments based on these evaluations.
- Within the next 4 months, involve at least 80% of key stakeholders in sourcing strategy meetings to ensure alignment and gather input on critical decisions. This engagement aims to reduce misalignment issues by 20% within the year, resulting in smoother implementation of sourcing strategies.