Investors in People
|This article needs additional citations for verification. (January 2012) (Learn how and when to remove this template message)|
|Parent agency||Department for Business, Innovation and Skills|
Investors in People provides a best practice people management standard, offering accreditation to organisations that adhere to the Investors in People framework. Investors in People is owned by the UK government, managed nationally by the UK Commission for Employment and Skills and supported by the Department for Business, Innovation and Skills (BIS). Investors in People assessments are conducted locally through seven local Delivery Centres. It was launched in 1991.
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.
Over a third of the UK’s workforce uses Investors in People in 2015. The Silver standard has been awarded to fewer than 600 organisations in the country, which is just 2.82% of all organisations awarded a standard. Only 3% of the companies awarded Investors in People status achieve the Gold standard.
The Sixth Generation Standard
In September 2015, Investors in People launched the sixth generation standard, evolved from the previous fifth generation to keep pace with modern practices. The current framework reflects the latest workplace trends, leading practices and employee conditions required to create outperforming teams. The latest framework focuses on three key areas: leading, supporting and improving. Within these sit nine performance indicators based on the features of organisations that consistently outperform industry norms. Organisations are assessed against these indicators using a performance model made up of four levels: Developed, Established, Advanced, High-Performing. In order to achieve the minimum level of accreditation against this framework, an organisation must meet all nine indicators at 'Developed' level.
The Standard is regularly reviewed by UK Commission for Employment and Skills and independent 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.
Investors in People International
Though UK-based, the Standard has been licensed to a number of other countries through 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.
- "BE Group strike gold with Investors in People". BQ Live. 19 June 2015. Retrieved 21 June 2015.
- Investors in People official website (http://www.investorsinpeople.com)
- Investors in People International official website (http://www.investorsinpeople.com)
- Royal Mail Address Management Unit obtain IiP Gold Standard