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Investors in People Autumn Conference 4 November 2005

    The Department of Trade & Industry is making final preparations for the annual Investors in People Conference which takes place at the Mount Murray Hotel & Country Club on November 17th. The event is open to employers across the Island and will provide an opportunity to learn more about developments in the Standard and best practice in training, developing and retaining staff.

    The theme for this year’s Conference is “Unlock Potential” and will focus on the challenges faced by employers in recruiting and, just as importantly, retaining employees. Research suggests that it costs around £4,000 to replace an employee who leaves so it is vital that employers focus both on attracting the staff they need and on motivating and supporting employees to help maximise their contribution towards business goals.

    Ruth Spellman, CEO of IIPUK will be the keynote speaker at the Conference. She is keen to examine the very real issues specific to the Isle of Man and explore ways in which Investors in People can help to address some of these. For example, low unemployment can make it difficult for employers to find the staff with the skills and experience they need and in today’s competitive market, recruitment is a time consuming and expensive process. By training and supporting existing employees, skills gaps within the organisation can be met and retention dramatically improved. The Conference offers a chance to focus on developing people and providing them with the resource to unlock their potential.

    Over the past 14 years since the Standard was first set up, independent research has consistently shown that the Investors in People Standard provides very real and tangible business benefits to organisations of all sizes and across all sectors (whether private, public or voluntary; large or small) including boosting productivity, increasing strategic focus of staff at all levels, increasing staff morale, improving staff retention and increasing value for money from training spend.

    DTI Minister, Alex Downie MLC said “Any organisation that wants to improve the skills of its employees and encourage their employees to become part of its vision and success, would benefit from the Investors in People Standard. We are fortunate to have Ruth Spellman as our keynote speaker and we anticipate a lively and stimulating afternoon looking at all aspects of IiP and how it can help businesses improve staff retention, increase customer satisfaction and strengthen bottom line performance.”

    There is still time to book but places are limited so businesses wishing to attend the Investors in People Autumn Conference are advised to contact the Department’s Programme Manager, Kathryn Butler on 682383 (email: kathryn.butler@dti.gov.im) or Kim Humphries on 687179 as soon as possible to secure a place. More details regarding IIP can be found at www.investorsinpeople.co.uk.

    4th November 2005

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