Research released by IIPUK shows
that there is a distinct profit gap between recognised organisations
and non-recognised, a staggering 353 GBP per person on average.
The research conducted by Databuild
surveyed 1600 organisations from a variety of sectors and size. It
involved interviews with senior personnel to discuss the performance
they had achieved since becoming an Investor in People or other
initiatives they had employed.
The key findings from the research
showed that organisational changes made by recognised organisations are
TWICE as profitable than those made by other companies. Over three
years, sales in Investors in People recognised organisations increased
their profit by 7.16% of sales or £505 per employee per year, as
opposed to 3.78% of sales or £197 per employee per year for other
companies. This represents a staggering £353 profit gap per employee per year
attributable to Investors in People. The research went on to identify
the key changes that recognised companies had made to improve their
profitability.
Robert Macleod, Director, IQC
commented, “This is a significant piece of research which not only
demonstrates that Investors in People can made a big impact on the
bottom line, but also identifies the contribution that some of the
practices Investors in People embodies.”
“I would recommend anyone
considering using the Investors in People standard to read this
research report, it makes truly inspiring reading!”
For a copy of the executive summary of the report please send an email to info@iqcltd.com |
