Benefits of Investors in People
People are an organisation's greatest asset and good staff
performance is critical to continued business success. Investors in
People helps organisations to manage change effectively and ito
mprove overall performance.
The Standard is not prescriptive, so the benefits will differ
depending on the way it is integrated into your organisation. Over
the years many benefits have been identified by organisations.
These include the following:
- Improved productivity and profitability
- Skilled and motivated people work harder and better,
resulting in improved levels of productivity and
profitabillity
- Competitive advantage - Investors
in People strengthens quality processes.. The Investors in People
Bronze, Silver and Gold recognitions can
also identify where your competitive edge lies and where the gaps
are between your organisation and your competitors
- Maximum return on human capital
Investment - Integrates the way in which people are
developed in line with the organisation's objectives and business issues.
- Development of people skills -
Helps maximise your peoples skills and develop people in a
structured and focused way, in line with the organisations
objectives, making all learning and development more relevant and
allowing people to see the benefits and the role they will play in
reaching objectives.
- Improved employee retention - By
improving motivation and morale of people through greater
involvement, personal development and recognition of achievements,
employee retention rates are improved.
- Effective change management -
Improving communication throughout the organisation will allow
people at all levels to prepare for changes which will occur in the
future and enable them to be more positive about them.
Increased input and effective management of responsibility
facilitate effective decision making and the changes that accompany
this
- Customer satisfaction - Customer
support staff that fully understand their product or service can
provide your clients with a more efficient and valued service.
- More effective communication -
People across all levels of the organisational structure
effectively communicate their expectations, the organisations goals
and people's roles in achieving these, resulting in people working
more closely together and improved staff relations.
- Bespoke assessment - The framework
is completely flexible and can be adapted to suit the requirements
of any organisation regardless of maturity, size, location or
sector
