The 3CO02 Principles of Analytics unit teaches people professionals how to analyse ideas and use evidence to make decisions to support people practice issues in the organisation. For the following questions, students prepare a presentation with presenter notes. Task one has a word count of 1750.
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Order Now WhatsAppYou will explore how evidence-based practice informs measures and outcomes, and its application within your organisation. This includes emphasising the significance of utilising data, understanding various types of data measurement, and their role in informing decision-making. You will also learn to interpret basic financial information using critical thinking skills and common calculations. Additionally, you will examine how your organisation approaches creating value for its customers and stakeholders. Lastly, you will assess the role of analytics and other technologies in enhancing working practices, along with the associated risks.
Upon completing this module, learners will:
This unit is suitable for individuals who:
Evidence-based practice is defined by students as the use of evidence and critical thinking in decision-making. The approach requires decision-makers to rely on facts and evidence rather than personal wisdom and experience (Young, 2022).
The following are the evidence sources:
The following are some of the reasons why data can help organisations improve:
Promotes organisational culture, performance, and internal and external perceptions.
Students also explain why data should be ethical, timely, and accurate. Students should think about explaining the General Data Protection Regulation (Ayling and Suff, 2021)
Data measurements include the following:
Employee absence numbers are a quantitative measure that can be used to make more informed decisions. Surveys are qualitative indicators of effective decision-making.
The following are some examples of organisational policies and procedures: rewards and benefits policy
Policies encourage appropriate choices and decisions. – Evidence from managers and employees Evidence from databases Evidence from electronic systems
Students provide examples of internal and external customers.
Customers and suppliers are examples of external customers.
Students describe the roles of people professionals in influencing customers. Students describe how people professionals communicate in order to identify customer needs and develop strategies for meeting those needs.
Students define value creation in terms of how organisations invest in people, specifically leaders, managers, and employees. People in organizations should be motivated to complete their assigned tasks and add value (Burke, 2018). People professionals contribute to value creation by-
Maintaining value is important because it allows the organization to attract more suppliers, gain more customers, and improve market competitiveness.
Promoting diversity and inclusion is an example of a good people practice. This is accomplished during the recruitment and selection process, as well as through the provision of learning and development opportunities.
Diversity and inclusion are positive people practices that help others. People in the organisation are very satisfied; they have the opportunity to express their concerns and improve their relationships with others.
Students describe how social media can help with internal and external communication. Professionals use various types of social media forums to share information and ideas at work.
The following are some of the positive effects of social media:
Permission to use various social media platforms is one of the risks of using social media.
References:
AYLING, L. and SUFF, R. (2021) Data protection and GDPR in the workplace, available from https://www.cipd.co.uk/knowledge/fundamentals/emp-law/data-protection/factsheet [Accessed 20th July 2022]
BURKE, E. (2018) People and the creation of value: why organisations need to up their game on understanding, measuring and leveraging human capital. Available from https://www.cipd.co.uk/Images/people-and-the-creation-of-value_tcm18-19955.pdf [Accessed 20th July 2022]
YOUNG, J. (2022) Evidence-based practice for effective decision-making. Available at https://www.cipd.co.uk/knowledge/strategy/analytics/evidence-based-practice-factsheet [Accessed 20th July 2022]
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