(Solution) CIPD 5HR02 impact of changing labour market conditions on resourcing decisions

Solution A labour market is a market where employers look for talents and employees search for available jobs. According to Boys (2022) the labour market can be tight or loose. When the labour market is tight, unemployment is low and there are many unfilled job vacancies. The impact of tight labour market on resourcing decisions is recruitment struggles and difficulties in retaining talents. CIPD’s (2023) labour market outlook report found that the market is tight and organisations are f...
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(Solution) CIPD 5HR02 how organisations strategically position themselves in competitive labour markets. (AC 1.1)

Competitive labour market is defined as having employees competing for engaging top talents. For attracting and retaining top talents, the large organisation ought to position itself appropriately. This is through competitive analysis, employer of choice and employer branding. Employer of Choice- As evidenced in CIPD (2022), employer of choice identify the scope of organisations set strategies, policy development, benefits and conditions at workplace promote the organisations operations. In ...
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(Solution) CIPD 5C002 Make justified recommendations based on evaluation of the benefits, risks and financial implications of potential solutions. (AC2.3)

Solution Promote positive wellbeing at work Investing in employee wellbeing can benefit people and organisation in a number of ways. According to Suff (2022) effective wellbeing practices reduces sickness absence, increase resilience, improve employee engagement and lead to higher productivity and performance. Employee wellbeing is also part of better work-life balance. Employee would benefit by having time for their leisure time and other social activities. Some risks associated with th...
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(Solution) CIPD 5C002 Present key findings for stakeholders from people practice activities and initiatives. (AC2.2)

Solution Findings from table The absence rate has been high in the organisation throughout the period due to different health issues. The higher absence rate is the cause of loss of many working days. Based on different health issues, Skeletal recorded the highest number of days lost followed by COVID 19 symptoms and personal stress. Other key issues that need critical consideration are operation, cardiovascular, depression, injury outside work and cold flu. Findings from table 2 ...
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(Solution) CIPD With reference to a people practice issue, interpret analytical data using appropriate analysis tools and methods. (AC2.1)

Solution Trends across departments Trends across the department indicates that marketing had highest number of days lost due to skeletal and COVID symptoms. Finance department also recorded a higher number of days lost at 83 days contributed by COVID 19 and depression. Strategy and innovation, and H&S departments recorded the least number of days lost due to absence rate. Absence by type We can see that skeletal issue lost 128 days and COVID 19 symptoms lost 93 days. Mos...
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(Solution) CIPD 5C003 how to measure the impact and value of people practice using a variety of methods. (AC3.2)

Solution People professional value creation refer to activities that HR manager supports to make a significant impact in the workplace. There are different ways people professionals adds value: Learning and development Once of the specialist knowledge in the CIPD Profession Map is learning and development. People professional’s role is to establish the right environment and culture for employees and organisation to learn, develop and grow (CIPD, 2022). HR professional carry out need an...
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(Solution) CIPD 5C002 different ways organisations measure financial and non-financial performance. (AC3.1)

Solution Financial performance Financial performance refer to the process of measuring organisational performance in monetary terms (Dirman, 2020). Measuring organisation financial performance helps it to review goals and objectives, and plan ways for improving the company. Cash flow Organisation’s cash flow indicates the cash flowing in and out of the business (Dirman, 2020). The ability of an organisation to create value for its stakeholders is influenced by its ability to generat...
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(Solution) CIPD 5C002 different ethical perspectives can influence decision-making. (AC1.5)

Solution Utilitarianism Utilitarianism theory is based on the idea that decision makers should anticipate or predict the impacts and consequences of decisions (Häyry, 2021). To a utilitarian manager, the decision that produces the greatest benefit is the one considered ethically correct. When the HR manager wants to introduce performance-related pay reward system, he work ask, how does the decision impact everyone affected? If the decision benefits majority, then it is ethically correct. But...
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(Solution) CIPD 5C002 Range of decision-making processes. (AC1.4)

Solution De Bono’s 6 Thinking Hats The six thinking hats in decision making gets individuals to look to a workplace problem or people practice issue in six different ways (Gill-Simmen, 2020). The table below shows the six hats: HatsExplanationBlueControl the discussion, cheer and manage the situationWhiteInformation gatheringGreenCreative thinking, explore innovative ideasYellowConsider merits of ideas from the green hatRedIntuitive, express feelings lie dislikes and fearsBlackAssess r...
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(Solution) CIPD 5C002 Principles of critical thinking including how you apply these to your own and others’ ideas. (AC1.3)

Solution Critical thinking Critical thinking involves thinking clearly and rationally, analysing facts and arguments and understanding logical between ideas (Elder and Paul, 2020). According to CIPD Profession Map, people professionals have core knowledge such as evidence-based practice and people practice. For this reason, people professionals need critical thinking to appraise evidence and select the best possible evidence to make a decision. They also need critical thinking to avoid ma...
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