Investors in People
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|Investors in People|
|Parent agency||Department for Business, Innovation and Skills|
Investors in People is a business improvement tool administered by UK Commission for Employment and Skills and supported by the Department for Business, Innovation and Skills (BIS). It was launched in 1991.
According to Cranfield School of Management, in 2008 there were almost 40,000 organizations currently working with Investors in People. These organizations employ over 7 million people in the UK. Though UK-based, the Standard has been licensed to a number of other countries through Investors in People International.
The Standard is regularly reviewed by UK Commission for Employment and Skills and research is conducted on the benefits of working with the Investors in People framework and the impact of achieving recognition. This research has indicated that Investors in People has a positive impact on performance. However, questions have been raised about the value and the assessment of the IIP standard. See Higgins and Cohen (2006) who suggest that “The evidence points to the fact that the Investors in People Standard can be described as a quality standard which has questionable quality and which lacks a consistency of standard.”
Investors in People UK
Investors in People UK was formed in 1991 to protect the integrity of the Investors in People framework. It was a non-departmental public body and received funding from the UK Department for Business, Innovation and Skills (BIS). The organisation was based in London, United Kingdom and managed the development, policy, promotion and quality assurance of the Investors in People framework. From April 2010 the work of the organisation was transferred to UKCES UK Commission for Employment and Skills which is now responsible for the strategic ownership of Investors in People.
Investors in People International
Investors in People International operates in more than 70 countries across the globe, and delivers services in more than 30 languages.
- Investors in People official website (http://www.investorsinpeople.co.uk)
- Investors in People International official website (http://www.investorsinpeople.com)
- Higgins and Cohen (2006)(http://www.ishcm.com/pdf/IIP_EmperorWithNoClothes_040406.pdf)