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.
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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.
1.1 Explain what evidenced-based practice is and how it is applied within an organisation.
It is defined as the research findings with clinical judgment from the provider and preferences as well as values of the user.
Before proceeding into more detail it’s important to clarify that evidence-based practice is not a “cookbook medicine”. Instead, it means utilizing known literature in the field to make choices relating to your patients.
The first one is to develop clinical practice guidelines. These are papers that outline a synthesis for a given condition or intervention and then provide directions for treatment. There are several places and entities through which clinical practice guidelines can be developed: professional organisations, governmental bodies, and insurance companies.
Using decision-support techniques is another way to incorporate evidence-based practice into an organization. These are electronic systems that advise physicians about the evidence that is currently available for a particular patient. DSTs can be established for creating reports to improve quality or integrated into EMR for ease of use.
Lastly, organisations can develop culture change interventions through the use of EBP. Such efforts entail sharing knowledge, skills, and attitudes regarding EBP, and modification of the policies and practices within the organisation that allows the clinicians to apply the EBP.
1.2 Explain the importance of using data in organisations.
Data is valuable to organisations because it is part of the knowledge formulation for organisations when making their actions.
This paper will establish that data can assist an organisation in understanding organisation’s customers, its products/services, and the competitive environment. Understanding these insights means that the organisations in question are likely to make the right decisions about where to direct the efforts (and resources) to fulfill set objectives.
Further, data may be used to compare the outcomes of marketing communications campaigns and practically any business strategies. This information may be useful in making changes that require implementation to enhance the results to be achieved.
1.3 Explain different types of data measurements that people professionals use.
Essentially, there are several forms of data measurements individuals employ at workplaces or entities to which they belong. The most common ones are:
Percentage: It is the way of estimation of the size of change about the original size of the change. So if something increased from 10 to 15 that would mean that there is a 50 percent increase.
Absolute value: This implies that whether two integers are positive or negative has no bearing on the real difference between them. However, the absolute value can be 8 if you have two numbers, say negative 7 and positive 5.
The margin of error: This range of numbers, which is commonly used in surveys and polling, may, in 95% of cases, represent the true population percentage. The margin of error +/- indicates that the poll's results may deviate from the real results by a specific percentage of points, in this case, 3%. As you can see, 95% of the polls will fall within 3 percentage points of the actual results if the poll has a marginal error of +/- 3%.
These are some of the simplest and most basic data measurements people employ in their respective careers. Of course, there are many more, but these three have been, perhaps, some of the most critical.
1.6 Explain how the application of agreed policies and procedures informs decisions.
Implementation of the agreed policies and procedures guides decisions because one can apply laid down policies and procedures. Procedures offer a framework within which decisions can be taken to maintain consistency in that decision-making. They also establish a yardstick by which the results of a decision can be evaluated with the view to enhancing the decisions in the future. Policies and procedures are used to create accountability and transparency among the department, which indirectly benefits the building.
2.1 Explain how people professionals create value for people, organisations, and Wider stakeholders.
There are two common broad categories of how people professionals can create value: to people, organisations, and other stakeholders.
One of them is elaborating the activity policies and procedures useful for the changing of the employees’ life and their work easier. Another is to entice training and development avenues through which the employees get promoted from one level to another. Furthermore, people professionals can also work to add value in that they can also look for potential threats and problems in an organisation and find quick solutions to these problems.
In as much as organisational value creation is concerned, people professionals can enhance productivity limits and profitability through enhanced formulation of good HR practices. They can also reduce costs on issues like truancy, high turnover, and the cost of recruiting new employees.
2.2 Summarise ways in which you can be customer-focused, and standards-driven in your context.
The first one is to always ensure that you place your customers’ interests first and ensure they get the best experience ever. Another way is to ensure that you always put yourself to the highest level of standard as you work. Also, it is possible to ensure that you are always searching for an opportunity to enhance the service and products you’re offering. Last but not least; you can also make sure that you are always ready to adapt yourselves to industrial changes and trends.
1.4 Conduct common calculations to interpret data
There exist several general formulas that people apply with the purpose of analyzing organizational data. The most common ones are:
Averages: This is a means of estimating the average of a set of data or in other words determining the middle value of a set of data. When it comes to averages there are actually several, but the most commonly used is the ‘arithmetic mean’ which is obtained by adding all the values and then dividing by the quantity of the values.
Medians: It is a means of determining the average of a collection of data. The median is the middle number after the values have been put in ascending order.
Mode: This is another procedure for estimating the mode of a given set of data.
Range: This is a method of determination of the difference between the extremes of a given set of data.
1.5 Present findings in different formats to enable informed decision-making.
However, the number of possibilities for the analysis and presentation of findings from data is very extensive and depends on the given decision. For instance, if you were to argue that a particular marketing campaign was successful, you may use some figures on sales, profits, or the number of customers that embraced the company’s products after the campaign.
On the other hand, if you are writing for a larger audience and your credibility is challenged, you may include facets of sample size, standard deviation, and testing of significance into the equation.
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