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Reap the benefit of being an Investor in People.

Over the past 12 years independent research has consistently shown that the Investors in People Standard provides real business benefits to organisations of all sizes and across all sectors.

There are currently more than 34,000 recognised organisations in the UK employing over 27% of the UK workforce, and every one of those organisations is benefiting from the Standard in one way or another. With a 90% retention rate, we must be doing something right.

The practical benefits of working towards and achieving the Standard are many.

They include:

Improved earnings, productivity and profitability.

Skilled and motivated people work harder and better, thus improving productivity

Customer Satisfaction is central in Investor in People organisations to helping employees become customer focused. This enables the organisation to effectively meet customer needs at a profit.

Improved motivation comes through greater involvement, personal development and recognition of achievement. This leads to higher morale, improved retention rates, reduced absenteeism, readier acceptance of change and identification with the organisation 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.

The Standard may also provide a reason for customers to choose specific goods and services.

Additional benefits an organisation can stand to accrue from the Standard are:

The opportunity to review current policies and practices against a recognised benchmark.

A frame work for planning future strategy and action.

A structured way to improve the effectiveness of training and development activities.
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Copyright 2004 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Features
Publication:Western Mail (Cardiff, Wales)
Date:Apr 22, 2004
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