Investors in People

Investors in People (IiP) is a voluntary assessment scheme backed by the UK Department for Education and Skills. IiP was developed in 1993 through a partnership of businesses and other national organisations. The scheme aims to improve organisational performance through better planning, implementation and evaluation of learning and development programmes, across organisations of all sizes and sectors. IiP is a Non-Departmental Public Body.

Actions

Organisations apply to be assessed against ten key best practice indicators which form part of the Investors in People Standard. If the external assessors can find sufficient evidence of policy and practices in line with each indicator, the organisation is awarded 'recognition' of its Investors in People status.

In 2007 there are nearly 35,000 organisations accredited under IiP. These organisations employ approximately 6.7 million of the UK workforce [http://www.investorsinpeople.co.uk/Media/PressReleases/Pages/PressReleaseDetail.aspx?PRID=36] .

Though UK-based, the standard has been licensed to a number of other countries.

Global partnership

The Association of Chartered Certified Accountants and Investors in People have signed an agreement that will enable IIP recognised organisations in the UK and Ireland to apply directly for the award of ACCA Approved Employer (professional developments stream), that allows ACCA members working in IiP recognised organisations will benefit from the recognition of the work-related learning they obtain and will be able to take advantage of simplified CPD reporting.

ee also

* EFQM Excellence Model

External links

* [http://www.investorsinpeople.co.uk/ Investors in People website]