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Investor in people
- 1.
- 2. Contents Overview The standards This Recognition and Scoring Is Assessment process Our Benefits Contents Costs
- 3. Overview • Launched in1991 • A business improvement tool by Investors in People UK and the Department for Business, Innovation and Skills (BIS). • Almost 40,000 organizations working with Investors in People (2008) • Though UK-based, the Standard has been licensed to a number of other countries. http://en.wikipedia.org/wiki/Investors_in_People
- 5. The standards Three fundamentalprinciples: • Plan – developing strategies to improve the performance of the organization • Do – implementing these strategies • Review – evaluating and adjusting these strategies
- 6. These three principlesbreakdown into 10 indicators: • 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
- 7. Recognition and Scoring •To be recognized, organizations need to achieve all 39 evidence requirements • In 2009, Investors in People launched with a new approach • Organizations can now achieve: Bronze, Silver or Gold status.
- 8. • 65 evidencerequirements or more will be recognized as Investors in People Bronze, • 115 evidence requirements or more will be recognized as Investors in People Silver, and • 165 evidence requirements or more will be recognized as Investors in People Gold. http://www.investorsinpeople.co.uk/Needs/Framework/Pages/Recognitionscoring.aspx
- 10. Assessment process • Undertakenby licensed Investors in People Centers • If the external assessors can find sufficient evidence of policy and practices in line with each indicator, the organization is awarded 'recognition' of its Investors in People status. • Recognized organizations are able to display the Investors in People plaque and use the logo on recruitment advertisements and stationery.
- 11. Benefits • Proving Investors in People • Managing change in a downturn • Business improvement focused • World class good practice • Continuous Development • Customer-led • A winning formula
- 12. Meeting your needs Investors in People’s flexibility is enhanced by focusing all our advice and assessment around meeting the organization’s needs.
- 13. Costs • The assessmentprocess is priced up to a maximum of £750 per day (excluding VAT and extra expenses). • The number of days required for assessment depends on the size of organization and how much of the Investors in People framework organization choose to be assessed on, linked to organization’s objectives.
- 14. Ordinary Package: • Planning meeting. • On-site assessment. • Assessment report. • Continuous improvement feedback. • Annual visit or discussion.
Editor's Notes
- #4 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 [1] .Though UK-based, the Standard has been licensed to a number of other countries.(http://en.wikipedia.org/wiki/Investors_in_People)
- #12 Investors in People delivers proven bottom line benefitsInvestors in People has grown to be the UK’s leading people management business improvement standard because it delivers improved performance to thousands of organisations. Currently almost seven million employees in over 35,000 organisations have achieved Investors in People recognition. And an amazing 3,000 of these have been recognised for ten or more years!Proving Investors in People works – recent research demonstrates that Investors in People improves financial performance, increases profitability and helps organisations meet their strategic objectives. Managing change in a downturn – CBI research undertaken in 2008 stated that “Investors in People is a particularly useful framework for organisations undergoing significant or rapid change.” Business improvement focused – whatever your business priorities, Investors in People’s framework can now be geared to ensure you get the best results against your business plan. World class good practice – our framework has been developed over 18 years with some of the world’s leading organizations. You can work with The Standard – the foundation of good management practice or go broader and deeper and be tested against the full framework.Continuous Development – our advisers, assessors and self-check tools can tell you how well you are performing, suggest key performance indicators or provide tailored business advice on where to best focus development activity.Customer-led – Investors in People grew out of the 1990s recession and is designed by business for business. Our success as a voluntary framework depends on ensuring that employers find us flexible and easy to use.A winning formula – in addition to helping them improve their business performance, some customers also work with us to stand out from their competitors, attract and retain the most talented people, or win new business."Investors in People is an excellent tool that can be used to identify ways of raising our organization’s performance to an even higher level and as a framework for continuous development" David Fairhurst, VP People, McDonald’s
- #13 Investors in People’s flexibility is enhanced by focusing all our advice and assessment around meeting the organization’s needs. This means the process starts with us finding out what your performance targets or key priorities are. These then become central to all our work, so we support your business plan and maximize the value you gain from working with us.
- #17 What does it cost? Our new approach, customizing our assessments around your specific needs means that the cost will also be tailored, which means you will be getting even better value for money. The assessment process is priced up to a maximum of £750 per day (excluding VAT and extra expenses). The number of days required for assessment depends on the size of your organisation and how much of the Investors in People framework you choose to be assessed on, linked to your objectives. With the introduction of the new approach Investors in People is offering a small amount of additional evidence requirements beyond The Standard at no extra charge, to encourage organizations to take on some additional stretch beyond The Standard. Assessments that focus on more substantial areas of the framework will be priced accordingly. Once you have agreed the scope of your assessment and framework choices, your Investors in People Centre will provide you with a full and clear estimate of the price.What is included in the price?While packages vary, Investors in People aims to help your continuous improvement by providing you with timely support before, during and after your assessment. Therefore, for many organizations, your package will include:Planning meeting.On-site assessment.Assessment report.Continuous improvement feedback.Annual visit or discussion.