POSTED: December 20 2016
Plans announced for Investors in People to engage employees, employers and communities for better business

Plans announced for Investors in People to engage employees, employers and communities for better business

Plans have been revealed for Investors in People to be established as a new independent Community Interest Company (CIC), a move which will enhance the organisation’s ability to deliver for employees, businesses and communities. Investors in People is the international standard for people management, defining how to lead, manage and support people well for sustainable results. There are 13000 businesses accredited with the Investors in People Standard across the world. Currently, IIP is owned by the UK Commission for Employment & Skills (UKCES), a publicly funded, industry-led organisation that offers guidance on skills and employment issues in the UK.

The new Community Interest Company will be employer led, with a non-executive Board recruited to represent Investors in People accredited businesses. The recruitment of a diverse board will be led by Chair Valerie Todd and will begin immediately. Government will retain a minority stake in the business, with any profits reinvested into evolving word class standards in the interest of employers, employees and individuals.

Investors in People sets the standard for productive, inclusive and sustainable workplaces that get the very best from people. Communities are set to gain through shared standards for good leadership and people development, individuals benefit from working in organisations that lead, support and manage people well and employers benefit from an increase in high performing workplaces.

Valerie Todd CBE, Chair of Investors in People, commented: “The importance of investing in people is greater than ever. As a Community Interest Company, Investors in People will be even better placed to represent employees, employers and individuals, to contribute to better workplaces for everyone.”

Minister of State for Apprenticeships and Skills, Robert Halfon, commented: “As a Community Interest Company, Investors in People will have the flexibility to continue its good work, to innovate and to grow, while providing a clear mandate to put public benefit at the centre of its mission.”

Chief Executive of the CIPD, Peter Cheese, commented: “In this new company form, led for the benefit of the Community, Investors in People can continue to set the standard for people management and differentiate employers that are committed to excellence. The new Standard is really progressing thinking and we are looking forward to working in partnership with the new CIC board to maximise the opportunity for the profession.”

Grahame Smith, General Secretary of the Scottish Trades Union Congress, commented: “Investors in People has an important role in promoting fair work that benefits individuals, employers and the wider community. It is crucial to the future of Scotland’s economy that we have a highly engaged and supported workforce. This decision to protect the social purpose of IIP secures the long term credibility of the Standard and helps us achieve that aim.”

By developing, publishing and upholding good practices, Investors in People’s mission is to raise the standards of people management for the benefit of everyone. The Investors in People community is made up of employers of all sizes, trade unions, employees, academics and thought leaders from across the world.

Investors in People’s services will continue uninterrupted through the transition.

Full press release on www.investorsinpeople.com