-80%
Question
he CIPD’s purpose is to champion better work and working lives. Critically assess how the CIPD’s purpose can be implemented in your organisation, or one that is familiar to you. Justify your answer.
Solution
Since 1913, CIPD has been targeting to champion better work and working lives. According to CIPD (2022c), CIPD is always true to their purpose as it understand organisations succeed by putting people first. And since thriving is essential, responsible entities contribute to strong economy and society. Further, CIPD (2023b) note that all individuals linked to the world of work have a critical responsibility in delivery. This is by setting out appropriate defined purposes and values in their profession with sufficient knowledge and behaviours for putting these values into practice.
Considering the operations of Riyad Bank operations, the CIPD Purpose of championing better work and working lives can be successfully implemented successfully. The best practice would include;
Anticipating the future of work
With the modern business environment being characterised by immense challenges and opportunities, anticipation of future of work is essential. As evidenced in CIPD (2022d), the best practice in CIPD include challenging thinking and offering thought-based leadership on trends shaping future of work and working lives. In particular in the banking sector, the best practice include what Bruskin and Mikkelsen (2020) identify as capacity of anticipating and adapting to the future trends core for maintaining competitive edge. These hey trends which shape operational strategies would mean that Riyad Bank is appropriately positioned to leverage on competitive advantage. CIPD equally anticipate need for collaborating with different institutions including Tomorrow’s Company on Good Governance, Bath University in the area of trust research and UKCES in area of Business in the Community and National Apprenticeship Service and different skills agendas. This means that Riyad Bank would be appropriately positioned to leverage on future opportunities in their business environment.
Embracing change in people practice professionals
Considering CIPD (2023c) megatrends report, the modern business environment has continuously been characterised by change. These changes have been categorised into the nature of work, diverse and changing nature of workforce and changing nature of organisations and workplace context and business environment. Through the application of Resource Based View theory, Collins (2021) observed that these changes have a direct implication on strategic conversations and policy development. Hence, Riyad Bank would need to be ready for future best practice by being alert to the changes in the broad economy and social context and possessing confidence and organisation awareness. This is meant for identifying the different implications for their organisations and readiness in acting on them. For Riyad Ban, they can invest on holistic strategies for human capital management guided by holistic data and analysis process. The outcome of this would be improving the scope in which organisations are investing on resourcing, development, management and utilisation of people in their different operations (CIPD, 2022c). Also, by investing on appropriate data and human capital reporting, it would be possible linking people practice management in an effective manner for corporate governance and leadership. The outcome of this would be an improved trust level, reputation and culture. Part of this would also include identification of entire hindrances of change and adaptability and as such reinvention of approach towards change. This is similarly an appropriate strategy of noting the future role of HR.
Improving engagement and rewards…….
Please click the icon to access this assessment in full
