(Solution) CIPD 5C002 (AC3.2) Explain how to measure the impact and value of people practice using a variety of (2) methods.
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| (AC3.2) Explain how to measure the impact and value of people practice using a variety of (2) methods.
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 400 words |
| Value of People Practices in Organisations
In an organisation setting, people practice professionals add significant impact to an organisation operation directly impacting on their culture. According to CIPD (2024a), by people practice professionals investing on appropriate talent management and development, an appropriate organisation culture is enhanced encouraged how creative and scope of performance of employees. Another strength includes coming up with effective capacity development strategies for improving how experienced, scope of their esteem and promotion opportunities in an organisation. The overall job satisfaction in an entity is enhanced with turnover reduced in recruitment and capacity development of new employees. To measure the identified value, the best practice include; Return on Equity– Return on Equity (ROE) is identified as representing a financial metric measuring organisation profit based on stakeholders’ equity. This is by evidencing scope of an organisation deploying equity for income generation. In line with Saputra (2022), by embrace of pre- and post-implementation of people practice professionals’ roles, improved capacity development, resourcing strategies assists in achieving value. A more ROE imply successful people practices are improved as part of organisation productivity. Employee Surveys– Employee surveys are regarded to be self-reporting quantitative strategy to discover truth and identify happiness of employees, engagement and positivity in terms of organisation culture. According to CIPD (2024), the surveys are a type of strategy assessing different factors linked to communication, management and organisation climate. The best strategy for establishing limitation of the people practice professionals is by regularly pursuing employees’ surveys. According to CIPD (2024c), this assist decision making in an entity through an address of emerging issues such as capacity development and management strategies for averting organisations morale and performance. |
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