CIPD Level 3 3CO02 Assignment Example: Principles of Analytics

Introduction

This unit explores how people professionals make decisions – both unproblematic and problematic – as they go about their work. Instead, it deals with how applying a broad category of analytics and evidence is integral to the justification and improvement of business practices and situational decisions for value creation.

This Example file will be helpful for you to get a complete overview of what you need to do in this Unit. This example will help you in getting a better understanding of how and what you should manage your CIPD Level 3 unit 2nd assignment. You can even take the idea mentioned in this example file for your other assignment for this Unit, this topic and ideas even benefit those who are in the field of HR or people professionals. As the mentioned ideas in this example file talk about this field in a detailed manner. 

What will you learn

You will explain and describe the following: Evidence-Based Project outcomes and measures, and how is EBP used in an organization? You will describe the subject’s focus on data as valuable and various data measurement types for decision-making, including critical thinking skills and simple calculations to analyse basic financial information. You will revisit the value creation concept to discuss how your organization applied the concept for its customers and stakeholders. Last but not least, you will discuss working practices, the use of analytics and other technology, and connected risks.

We Cover both sections of task in this document

Section One

In section one she has asked you to:

• Explain what evidence-based practice is and how it might be applied within an organisation. 
• Explain the importance of using data in organisations and why it is necessary to ensure that data is accurate when determining problems and issues.
• Explain the different types of data measurements used by people professionals.
• Explain how the application of agreed policies and procedures informs decisions.
• Explain how people professionals create value for people, organisations and wider stakeholders.
• Summarise the ways in which you can be customer-focused, and standards-driven in your own context. 

Section Two

In section two, your manager has asked you to provide practical working examples of how the people practice team examines, interprets and presents the findings of data in different diagrammatical formats so it can be easily understood. She has asked you to use the information in Table 1 below, about turnover rates, as an example. The table shows the number of employees.

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