Investor In People Benefits
The practical benefits of working towards and achieving the Standard are many and include:
Improved earnings, productivity and profitability
Skilled and motivated people work harder and better improving productivity
Customer Satisfaction
Investors in People is central to helping employees become customer focused enabling organisations to effectively meet customer needs
Improved motivation
Through employees greater involvement, personal development and recognition of achievement, motivation is improved. This leads to higher morale, improved retention rates, reduced absenteeism, readier acceptance of change and identification with the organisations goals 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. It may also provide a reason for customers to choose specific goods and services.
The additional benefits an organisation can gain 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