Appraisals: managing talent in your practice

Earlier this year Tax UK offered a prize of £10,000 worth of practice development consultancy to a forward-looking accountancy practice. The winner was SJO Associates, run by Sarah-Jane Sinnott. Sarah-Jane will blog as the consultancy takes shape. In tandem Lesley Stalker of TAX UK will tell you how to adapt Sarah-Jane's experience to your practice.

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Investors in People

kerr_ap | | Permalink

It was with interest I read this article and the links it has (although not mentioned) to Investors in People (IIP). The IIP Standard is a framework of business improvement thorough people, following a simple process of Plan, Do and Review.

It looks at areas such as employee involvement, the review process and how individual objectives can link into team and company objectives. This in turn motivates staff into doing the best they can for the good of the business and how their actions can contribute to it's success. The business is a team effort and without staff to deliver a quality service, the business will most likely fail.

It then follows that where you have staff who are happy and motivated in their job that they will then feel a sense of greater loyalty to their employer, thus increasing levels of retention and hopefully attracting a good calibre of employee who wishes to work with you. IIP also looks at training and development and reward and recognition - further key areas in retaining staff.

I should mention that I work for IIP Scotland and thus have more than a passing interest in IIP. However, having perhaps been a sceptic when I initially joined, I have seen the benefits of working with IIP first hand and truly believe it provides a comprehensive framework for any business to thrive through the involvement of their people.