(Solution) CIPD 5CO02 key findings for stakeholders from people practice activities and initiatives AC 2.2
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| Present key findings for stakeholders from people practice activities and initiatives. (AC 2.2)
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 200 words
You must insert your graphs in this section |
| 2.2 Presentation of Findings
Percentage of Gender by Type It is clear that men make up more than half of the workforce, making up 53.85% of it, with women coming in second at 45.38%. The non-binary class, on the contrary, has the lowest percentage and has little representation inside the organisation. The differences in salaries across different genders The comparative bar graph shows the income distribution clearly, showing that women get the highest salaries, suggesting progress towards pay parity. Males do better than females in the lowest income group, raising questions about potential pay disparities based on gender. Disability percentage among the teams The property team, followed by the income team, has the greatest proportion of non-disabled people, as seen by the bar graph. The data unambiguously shows that a sizable portion of people in the organisation do not have disabilities. The data and its consequences need to be understood more deeply, and this can only be done by conducting thorough investigations that lead to insightful conclusions.
Table 2. Findings on Hybrid Working practices According to the study, 83% of the workforce, a sizeable number, strongly disagrees with experiencing stress when working in a physical workplace. In addition, 59% of employees feel a strong feeling of connection to the company’s culture following the implementation of hybrid working. In addition, the majority of respondents, or 54% of them, totally concur that hybrid working improves their ability to manage their personal and professional lives and general wellbeing.
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| Make justified recommendations based on evaluation of the benefits, risks and financial implications of potential solutions. (AC 2.3)
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
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- This business report has been used for evaluating the category and contract management in Eco2Solar Company.
- In particular, Eco2Solar operates to improve their project management (PM) and Cost Management (CM) as part of their category management has been evaluated.
- The areas of focus has included an evaluation of requirements for initiating and preparing category management, strategic and conventional sourcing process and role in contract management, tools and techniques for mapping categories of direct and indirect expenditure.
- From the findings obtained, innovative measures for improving the supply chain in light of categories and category management has been recommended.
- Further, in this business report, the contract administration and contract management in case of category management has similarly been evaluated in context of category management this is with assessment of risks and implementation of risk management techniques in contracts being reviewed in context of category management.
- In order to appreciate the best practice in category and contract management in the selected Eco2Solar construction spend area, use of quantitative and desk research has been pursued to obtain relevant data.
- Additionally, different tools have been applied such as Mendelow Stakeholders analysis, CIPS Category Management Cycle, CIPS Contract Management Cycle, Suppliers positioning, PESTLE analysis and SWOT analysis.
- Considering this business report findings, Eco2Solar need to improve their approach for risk management and efficiency and effectiveness of category and contract management.
- From these finding, the stakeholders collaboration in Eco2Solar need to be improved which can be done by embrace of blockchain technologies.
- Also, by identifying their PS&M teams training and capacity development, they would be able to improve on their category management. In the contemporary procurement environment, the training and capacity development has been noted as the best practice to manage gaps in their operations. Also, the findings indicate the need for Eco2Solar to improve their category management of their construction spend by coming up with appropriate SLA’s agreement and KPIs while ensuring they capitalise on innovativeness.
- For the project management and cost management, this being a long-term investment would require an improved auditing. This can entail embrace of analytics to analyse and present contract management data and appropriate management strategy.
- The importance of improved collaboration is ensuring stakeholders active involvement and awareness on core decisions made as this could harness their practice, contribution and suggestions noted.
- By successfully pursuing stakeholder analysis, it is important to maintain stakeholders relations which promote Eco2Solar organisation image and increase their market share.