Benefits of the Standard
Organisations of any size or shape can benefit from investing in their people.
The Investors in People Standard is a business improvement tool that helps organisations to compete and succeed through improved people performance. To achieve business objectives and compete successfully you need people with the knowledge, skills and flexibility to do what your organisation needs them to do.
Investors in People is about bottom-line business results. It’s not about unnecessary processes, activities or paper - it’s about what you need to do to maximise the impact of your people on your business.
Personal development and recognition of achievement leads to improved motivation and in turn, higher morale, improved staff retention, reduced absenteeism and a readier acceptance to change. Skilled and knowledgeable people work better and harder, improving productivity. They are far more likely to evaluate work practices and identify better ways of doing better business - reducing costs and wastage.
What’s more, change made over the last three years by Investors in People recognised organisations has increased profit by 8%. Put another way, accredited Scottish Investors in People businesses achieved improved profits of £1,105 per employee per year and £565 of this can be attributed to the Standard.
Selection of benefits
The Standard is not prescriptive, so the benefits will differ depending on the way it is integrated into the organisation. Over the years many benefits have been identified by organisations, these will vary according to the particular sector concerned, but will include the following:
- Increased productivity
- Improved motivation
- Reductions in staff turnover and lost time
- Improved results, such as sales figures
- Better staff relations
- More effective communications
- Higher customer satisfaction
- Multi-skilling and team working
- Greater management involvement and understanding
- Smoother organisational change
- Bottom-line improvement
Further information
To find out more, phone our employee helpline on 0845 606 6000 or email enquiries@iipscotland.co.uk
Please visit our "Case Studies" pages to read about how different organisations have used the Standard.
You can also read about how to address your organisation's literacy and numeracy needs and how to integrate these efforts into the Investors in People framework in the publication: Investors in People and the Big Plus for Business.
