Investors in People - IiP
Investors in People is a HRM model which sets out a level of good practice for the training and development of people in order to achieve business goals. It is clearly based on the Deming Cycle. The IiP model contains three phases: 1. Developing strategies (PLAN) 2. Taking action (ACT) 3. Evaluating the impact (CHECK). These three key principles are broken down into 10 indicators, against which organisations wishing to be recognised as an Investor in People are assessed.