Products & Services

Background

The study was designed to explore the impact of achieving accreditation for the Investors in People Standard on business performance.

The sample consisted of a total of 1,600 companies, equally divided between recognised public sector organisations, recognised SMEs (5-249 employees), recognised large employers (250+ employees) and non-recognised companies.

The companies were consulted through a telephone survey between 1st March and 25th March 2004.

Key findings

Changes made over the last three years by Investors in People recognised organisations in Scotland increased profit by £1105 per employee per year, as opposed to £505 per employee per year for UK companies.

£565 per employee of the annual profit increase achieved by Investors in People organisations in Scotland can be directly attributed to IiP Scotland. When scaled up to include all IiP recognised businesses in Scotland (i.e. is weighted to the number of IiP businesses in Scotland), it can be said that IiP has helped businesses in Scotland accredited to the Standard to increase their profit by £62m a year.

The profit attributed to working with the Investors in People Standard by size of organisation, is as follows:

• Small organisations - £580 per employee per year (accounting for 15% of total increase)
• Medium organisations - £738 per employee per year (accounting for 44% of the total)
• Large organisations - £131 per employee per year (accounting for 41% of the total)

93% of organisations see value in continuing to be recognised by IIP Scotland.