Solution
| (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 |
| 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. Most organisations use return on investment (ROI) as their primary evaluation tool to calculate their workforce practise financial returns. Organisations use ROI analysis to establish the financial rewards linked to their human resources expenses (BrightCompany, 2023). Organisational leadership training investments use ROI metrics to examine employee retention rates while measuring performance indicators resulting from programme investments. Organisations value the ROI because it provides effective management of their initiatives as high returns demonstrate clear achievement of organisational target benefits. 2. Staff Surveys and Employee Feedback The results gained from field surveys show both employee participation levels and ratings of job satisfaction and assessments of workplace conditions. The time-based assessing of employee feedback assists HR professionals to measure the effectiveness of their workplace policies including flexible work choices and diversity initiatives while well-being programmes. Organisations need to evaluate their strategic policies once they observe declining employee engagement results. The HR strategies align with workforce needs through this qualitative strategic approach which produces higher workplace productivity (CIPD, 2023). |
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