IIP – A Standard for Success
What is Investors in People?
In 1990 some of Britain’s leading business, personnel, professional and employee organisations got together. The aim was to create a national standard for good practice in the training and development of people to meet business goals.
What was produced was a framework that companies of all shapes and sizes could use to accelerate their business growth. That framework is known today as the Investors in People Standard.
Why become an Investor in People?
The obvious advantages are those that affect your bottom line, but there are a number of benefits to becoming an Investor in People:
- Increased productivity
- Improved motivation
- Reductions in employee turnover and ‘lost time’
- Improved results such as sales figures
- Better employee relations
- More effective communications
- Higher customer satisfaction
- Multi-skilling and team working
- Greater management involvement and understanding
- Smoother organisational change
What is the Standard
The Standard framework is structured around four key principles:
- Commitment – Commitment to invest in people to achieve goals.
- Planning – Planning how skills, individuals and teams are to be developed to achieve these goals.
- Action – Taking action to develop and use necessary skills in a well defined and continuing programme directly tied to business objectives.
- Evaluation – Evaluating the outcomes of training and development for individuals’ progress towards goals, the value achieved and future needs.
However, your business is unlike any other. What the Standard gives you is a basic structure to think around. You won’t be forced to approach training or planning in a set or predetermined way. Instead we’ll work with you to find a plan of action that best directs your organisation towards business success.
Who was involved in the creation of the Standard?
The Standard was developed by the National Training Task Force in partnership with organisations such as the Confederation of British Industry (CBI), the Trades Union Congress (TUC) and the Chartered Institute of Personnel and Development (CIPD).
What kind of businesses get involved?
Businesses large and small, representing all sector’s of the UK economy have been involved. Almost 30,000 organisations across the UK are recognised as an Investor in People. Organisations with two or more people, including partnerships, are eligible for the Investors In People Standard.
You can read more FAQs on the IIP Standard here.
To develop your greatest asset – people click here.