A Radstock based organisation has been presented with a prestigious national award, making it one of the Retail industry’s success stories.
Radstock Co-operative Society which was established in 1868 and has some 375 employees operates a large superstore, eleven community stores and a 1,000-acre dairy farm. The Society was awarded the Investors in People Silver award for the way it has transformed business performance through the support and motivation of its team.
Mr Ian Bell, Director of Bath Chamber of Commerce & Initiative in B&NES presented Don Morris, chief executive of Radstock Co-operative with the Silver certificate at a celebratory lunch on 11th April 2013 accompanied by a representative from the Board of Directors and colleagues. Ian Bell said, "This is a terrific achievement and makes the company one of only a handful of food retailers in the whole of the South West to hold the Silver award. The great thing about the business is that it is constantly looking to move forward and prosper in a fiercely competitive market place whilst respecting its history, tradition, and above all, the important part it plays in the communities it serves."
Don Morris said: “We have used the IIP framework and model to help us develop our management practices improving our business both in terms of growth and in developing our colleagues. Going for the Silver Award helped us to focus on developing the skills and knowledge of our managers and professionalising the business to support our continuing expansion plans. As a member owned, co-operative society with people and communities at the very heart of everything we do, the principles that underpin IIP are very familiar. We are proud that we have taken the business from Bronze to Silver in just over 18 months which is a remarkable achievement and is testament to the commitment and efforts of the entire workforce.”
The Silver award has been awarded to fewer than 600 organisations in the country, which is just 2.82 per cent of all organisations awarded the Investors in People Standard. The Standard is a framework of best practice, awarded to well-run organisations that meet set criteria such as learning and development, leadership skills and recognition and reward of staff amongst others.
John Telfer, Managing Director of Inspiring Business Performance Ltd (IBP), the organisation that delivers Investors in People for London and the South, said: “This is a fantastic achievement for the Radstock Co-operative Society and clearly shows that continual improvement and development is a top priority.
“Over a third of the UK's workforce uses Investors in People today, and this is because of the many benefits that being Investors in People accredited can bring. Once key decision makers implement changes for the better, the effects can often be seen across all areas of an organisation.”
An organisation can achieve Bronze, Silver or Gold status by meeting additional evidence requirements from across the Investors in People framework. To secure the Silver award, organisations must demonstrate an additional 76 or more pieces of evidence, above the Investors in People core Standard.
Working with Investors in People is proven to improve financial performance, productivity and profitability. Companies that have achieved the Investors in People Standard also have higher levels of trust, co-operation and commitment than their competitors.
To find out more about IBP and the benefits of Investors in People, visit www.inspiringbusinessperformance.co.uk, email firstname.lastname@example.org or call 0800 612 3098.