(Solution) 5CO02 Assessment ID / CIPD_5CO02_24_01 (AC3.2) Explain how to measure the impact and value of people practice using a variety of (2) methods

Solution

How People Practices Add Value in an Organisation

The success of any organisation relies on strong people practises to foster greater employee dedication as well as productivity levels and corporate performance success (CIPD, 2023). The implementation of talent management programmes combined with performance development policies alongside wellness initiatives makes employees stay longer and feel better about their work environment.

The structured learning and development programme at the organisation raised employee expertise while promoting more staff transfers within the company system (CIPD, 2023). The combination of specific training for staff members stimulates both their motivational levels and performance standards resulting in better customer satisfaction through improved service delivery. Financial resources dedicated to human development lead organisations to make substantial operational achievements lasting over short periods.

Methods to Measure the Impact of People Practices

1. Companies use Return on Investment (ROI) in HR Initiatives to evaluate their front-office investments

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