Investors in People

Launched in 1991 Investors in People is a business improvement tool administered by Investors in People UK and supported by the Department for Business, Innovation and Skills (BIS).

Investors in People offers a business improvement tool designed to help all kinds of organisations develop performance through their people. It is a tailored assessment process designed to support organisations in planning, implementing and evaluating effective strategies. It is relevant for organisations of all sizes and sectors.

According to Cranfield School of Management, in 2008 there were almost 40,000 organisations currently working with Investors in People. These organisations employ approximately 7.5 million of the UK workforce.

Though UK-based, the Standard has been licensed to a number of other countries.

The Investors in People Standard is part of the fuller Investors in People framework. Investors in People assists organisations to improve business performance and competitiveness through a planned approach to setting and communicating business objectives and developing people to deliver them.

Investors in People has three fundamental principles:

• Plan – developing strategies to improve the performance of the organisation

• Do – implementing these strategies

• Review – evaluating and adjusting these strategies

These three principles breakdown into 10 indicators; each indicator is subdivided into a number of evidence requirements. These detail the criteria organisations are required to meet in order to achieve the Standard. There are 39 evidence requirements in total.

The Investors in People standard covers a variety of business areas including:

• Indicator 1 – Business Strategy

• Indicator 2 – Learning and Development Strategy

• Indicator 3 – People Management Strategy

• Indicator 4 – Leadership and Management Strategy

• Indicator 5 – Management Effectiveness

• Indicator 6 – Recognition and Reward

• Indicator 7 – Involvement and Empowerment

• Indicator 8 – Learning and Development

• Indicator 9 – Performance Measurement

• Indicator 10 – Continuous Improvement

Organisations need to achieve all 39 evidence requirements in order to become recognised.

In 2009, Investors in People launched with a new approach for customers which provides more opportunities for organisations to go beyond The Standard. Organisations can now achieve Bronze, Silver or Gold status by meeting additional evidence requirements from across the broader Investors in People framework.

Including points at The Standard level, organisations that achieve:

• 65 evidence requirements or more will be recognised as Investors in People Bronze,

• 115 evidence requirements or more will be recognised as Investors in People Silver, and

• 165 evidence requirements or more will be recognised as Investors in People Gold

Sursa: http://en.wikipedia.org/wiki/Investors_in_People