There are currently over 30,000 recognised organisations in the UK employing over 27% of the UK workforce. Every one of these organisations is benefiting from the Standard in one way or another and, with a 90% retention rate, we must be doing something right!
The practical benefits of working towards and achieving the Standard are many, including:
Improved Earnings, Productivity and Profitability
Skilled and motivated people work harder and better, improving productivity.
Customer Satisfaction
Investors in People is central to helping employees become customer focused, enabling organisations to effectively meet customer needs.
Improved Motivation
Motivation is improved through employees’ greater involvement, personal development and recognition of their achievements. This leads to higher morale, improved retention rates, reduced absenteeism, readier acceptance of change, and identification with the organisation’s goals beyond the confines of the job.
Reduced Costs and Wastage
Skilled and motivated people constantly examine their work to contribute towards reducing costs and wastage.
Enhanced Quality
Investing in people significantly improves the results of quality programmes. Investors in People adds considerable value to The Excellence Model, ISO 9000, BS 5750 and other total quality initiatives.
Competitive Advantage Through Improved Performance
Investor in People organisations develop a competitive edge.
Public Recognition
Investor in People status brings public recognition for real achievements measured against a rigorous National Standard. Being an Investor in People helps to attract the best quality job applicants. It may also provide a reason for customers to choose specific goods and services.
The additional benefits an organisation can gain from the Standard are:
- The opportunity to review current policies and practices against a recognised benchmark
- A framework for planning future strategy and action
- A structured way to improve the effectiveness of training and development activities.
To find out more about the benefits of Investor in People through experiences of organisations already working with the Standard, please look through the Case studies library. For information on publications that can help explain the benefits, please call our Order Line on 0870 850 4477.