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Agency overview | |
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Formed | 1991 |
Jurisdiction | United Kingdom |
Headquarters | 3 Lloyds Avenue London, EC3 |
Agency executive |
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Website | www |
Investors in People is a standard for people management, offering accreditation to organisations that adhere to the Investors in People Standard. From 1991 to January 2017, Investors in People was owned by the UK government. As of 1 February 2017, Investors in People transitioned into the Investors in People Community Interest Company. [1] Investors in People assessments are conducted locally through local Delivery Centres across the UK and internationally. [2]
In 1990 the Department of Employment was tasked with developing a national standard of good practice for training and development. Investors in People was born and officially launched at that year's CBI Conference in Glasgow by then Secretary of State for Employment, the Rt Hon Michael Howard QC MP.
Investors in People UK was formed in 1991 to protect the integrity of the Investors in People framework. It was a non-departmental public body and received funding from the former UK Department for Business, Innovation and Skills (BIS). The organisation was based in London, United Kingdom and managed the development, policy, promotion and quality assurance of the Investors in People framework.
From April 2010 the work of the organisation was transferred to UKCES (UK Commission for Employment and Skills) which was responsible for the strategic ownership of Investors in People until January 2017, when the organisation transitioned into a Community Interest Company on 1 February 2017.
In September 2015, Investors in People launched the sixth generation standard, evolved from the previous fifth generation to keep pace with modern practices. The current framework reflects the latest workplace trends, leading practices and employee conditions required to create outperforming teams. The latest framework focuses on three key areas: leading, supporting and improving. Within these sit nine performance indicators based on the features of organisations that consistently outperform industry norms. Organisations are assessed against these indicators using a performance model made up of four levels: Developed, Established, Advanced, High-Performing. In order to achieve the minimum level of accreditation against this framework, an organisation must meet all nine indicators at 'Developed' level[ citation needed ].
Thousands of organisations from the public and private sector have achieved accreditation. [3] In 1999 it was estimated that one in three UK organisations was accredited, with one quarter of the UK workforce working for an Investors in People accredited company in 2002. [4] In 2011, 2,873 UK schools held the Standard. [5]
As of 2013, there are four levels of accreditation: Accredited, Silver, Gold and Platinum. [6]
The original research was carried out in 2000 by Duncan Collins (architect of the Standard in 1991) and David Gittings. This was published by The Department of Education and Employment as ISBN: 1 84185 347 X and was the first empirical proof that developing pays off financially. The Standard is regularly reviewed by Investors in People (formally as part of the UK Commission for Employment and Skills) and independent research is conducted on the benefits of working with the Investors in People framework and the impact of achieving recognition. This research has indicated that Investors in People has a positive impact on performance. [7]
Investors in People also commissions regular research into employee views and attitudes. This includes their employment satisfaction survey, the annual Job Exodus Trends Report. The research looks at workers feelings towards changing job in the next 12 months and those actively looking for a new position. [8] [9]
In 2009 Investors in People funded research together with the Health and Safety Executive and the Chartered Institute of Personnel and Development concluding that companies that treated their staff well had a better chance of surviving economic downturn. [10]
Research in August 2005 found over a third of British workers believed colleagues who stuck to their contractual hours were "not pulling their weight". [11]
In 2002 Investors in People researched graduate employment trends, concluding that two thirds of graduates believe training and development is one of the most important factors when choosing an employer [12]
Though UK-based, the Standard has been licensed to a number of other countries through Investors in People International. [13] Investors in People International operates in more than 80 countries and delivers services in more than 30 languages[ citation needed ].
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The University of Bath is a public research university in Bath, England. It received its royal charter in 1966, along with a number of other institutions following the Robbins Report. Like the University of Bristol and University of the West of England, Bath can trace its roots to the Merchant Venturers' Technical College, established in Bristol as a school in 1595 by the Society of Merchant Venturers. The university's main campus is located on Claverton Down, a site overlooking the UNESCO World Heritage city of Bath, and was purpose-built, constructed from 1964 in the modernist style of the time.
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York Conferences is a subsidiary of the University of York and is the commercial body responsible for the organisation and management of conferences and events across the University of York's three campuses: Campus West, Campus East and the King's Manor in York city centre; With a maximum venue capacity of 1,190, the venues at the University of York host some of the largest events in North Yorkshire.
The Department for Education (DfE) is a department of His Majesty's Government responsible for child protection, child services, education, apprenticeships, and wider skills in England.
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Youth unemployment is a special case of unemployment; youth, here, meaning those between the ages of 15 and 24.
Instructus Skills is both the standard setting organisation for business skills and the largest apprenticeship-issuing authority in the United Kingdom by number of certificates issued. Instructus Skills has one of the largest organisational footprints of any standards-setting body or Sector Skills Council representing approximately 11 million UK employees working in pan-sector occupations, and developed apprenticeship frameworks which were expected to be started by over 122,000 learners during 2010–11.
Vocational education is that form of instruction designed to prepare people for industrial or commercial employment. It can be acquired either formally in trade schools, technical secondary schools, or in on-the-job training programs or, more informally, by picking up the necessary skills on the job.
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The National Policy on Skill Development is an umbrella framework devised by the Government of India to develop employable skills among the youth of the country through learning and producing workers adequately skilled to meet the requirements of industry. India has traditionally had a lower percentage of population of appropriately skilled workers comparable to other economies of the world. In its 11th five-year plan for the financial year 2007-12 suggested actions to increase the skilled workforce in the country to 15 million annually and targeted to skill 150 million people by 2022. In line with the recommendations in the five-year plan and to mitigate the challenges faced by the economy of the shortage of the skilled workforce. The government formulated a skill development policy in 2009, with emphasis given to special courses to be imparted through Industrial Training Institutes in partnership with the private sector.