Want to boost your business? Invest in People

Government training schemes come and go, but Roger Trapp has found one that could run and run

Over the years, government training initiatives have come and gone with great regularity. But one that is showing signs of staying power is Investors in People. Not only are increasing numbers of companies able to boast that they are an "Investor in People" on all their communications, they are also claiming that it is helping to improve performance.

Employers are overwhelmingly positive about the initiative's impact - on both the quality of the workforce and on the business itself, according to a report just published by the Institute for Employment Studies. Employers involved with it are more likely to have mission statements and business plans than those that are not; employers that have completed the process are more likely to have formal workforce planning documents, such as human resource strategy papers; and are almost twice as likely to have formal training plans and a training budget.

So what exactly is this apparent catalyst? Launched in 1991, Investors in People is the Government's national standard to help employers improve training and development practices by linking them with business needs. By this spring, 1,200 employers had achieved the standard, while another 12,400 had made a public commitment to do so.

The study, carried out last autumn among more than 1,700 companies in England and Wales, also found that the vast majority of employers already involved intended to continue with it, although some have put the initiative on hold. All those that have already attained the standard intend to maintain it and re-apply when their three-year licences expire.

Fans of the programme believed that Investors - increasingly viewed as the Government's principal tool for improving workforce training and development - had made an impact on working practices in three key areas:

Training. More than two-thirds of employers had changed their training practices and more than 90 per cent believe the initiative has contributed to this change or that it will do so in the future.

Quality of the workforce. Employers believe that Investors has helped to improve employee commitment and increase understanding of wider business aims and objectives.

Business benefits. Two-thirds of organisations believed that Investors had contributed to an improvement in business performance.

The researchers say that a final link between involvement with the scheme and improved business performance has yet to be made, but they are confident that Investors is having an impact.

There is one potential problem. The study says staff believe that their employers' commitment to training has improved. However, it also finds some employees who do not feel well-informed about the initiative, and resistance to the idea from managers and employees at about one in four organisations.

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Latest stories from i100
iJobs Job Widget
iJobs Student

Ashdown Group: Trainee / Graduate Helpdesk Analyst

£20000 per annum: Ashdown Group: A highly reputable business is looking to rec...

Ashdown Group: Graduate Data Analyst - Essex - £25,000

£23500 - £25000 per annum + Training: Ashdown Group: Graduate Data analyst/Sys...

Recruitment Genius: Graduate Account Manager

£16000 - £30000 per annum: Recruitment Genius: A Graduate Account Manager is r...

Guru Careers: Graduate Account Manager / Sales Executive

£18k + Uncapped Commission (£60k Y1 OTE): Guru Careers: A Graduate Account Man...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee