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Press releaseNATIONAL SAVINGS AND INVESTMENTS SECURE STAR STATUS - 2007 BEST COMPANIES ACCREDITATION STANDARD26 February 2007National Savings and Investments (NS&I), the government department responsible for raising cost-effective funding for HM Treasury has achieved one star status (defined as first class) from the 2007 Best Companies Accreditation scheme. NS&I was the only government department to achieve star status. The Best Companies survey is designed to measure employee engagement and uses 70 questions to gain a comprehensive view. The one star status was awarded through the Best Companies To Work For survey, which analysed responses from staff at 1,900 UK organisations in both the private and public sector. Only 273 organisations received star status with 124 achieving one star, defined as first class by the organisers, Best Companies Ltd. The organisers research and compile the Sunday Times Best Companies to Work for lists. The department, based in West London, employs 130 people and is responsible for £78 billion of funds invested by 27 million customers. The star status accreditation is in addition to NS&I being awarded the Civil Service HR, Learning and Development Award in October 2006 by Gus O’Donnell, Head of the Civil Service. Jonathan Austin, Chief Executive, Best Companies said: “NS&I’s 2007 accreditation is an outstanding achievement. It confirms their commitment to the on-going journey of workplace engagement. Our role is to set a rigorous benchmark so that organisations can become even better employers.” Sandra Postles, HR Director at NS&I: “This is a great achievement for our agency as it shows that NS&I is seen by its employees as a great organisation to work for. We recognise how important our people are to our business so ensuring they feel engaged, valued for their contribution and that they are listened to is a key part of senior management’s role. “The reason this status is important to NS&I is because we operate in the mainstream financial services sector so we regularly compete directly against the private sector for skilled staff. Achieving the one star status provides the endorsement from our existing employees. It also means that anyone looking to join NS&I can be confident that they are coming to an organisation which values its employees.” ENDS Notes to Editors (1) About National Savings and Investments National Savings and Investments (NS&I) is one of the UK’s largest savings and investments providers with 27 million customers and £78 billion invested. NS&I provide a wide range of savings and investments, including Premium Bonds and Savings Certificates. NS&I, formed in 1861, is a government department and an executive agency of the Chancellor of the Exchequer. It is almost a ‘virtual business’ as it only employs 130 people directly. The Chief Executive is Jane Platt. (2) About Best Companies Ltd. (from the company) Best Companies Ltd. is dedicated to `Helping make the World a better Workplace’. We achieve this by providing organisations that participate in our research with high quality data about how engaged their employees are with their business. The data is compiled by utilizing our highly academically rigorous methodology that has been created by asking over 400,000 employees about what they want from their workplace experience. Having surveyed over 1,900 organisations we have a unique ability to provide extremely strong benchmarks, both by industry sector as well as identifying best practice within the UK labour market. Best Companies researches and compiles The Sunday Times Best Companies to Work for lists, and we have a wealth of real-life examples of best practice, that can show you how to give your business a better chance in an increasingly competitive marketplace. We have been providing the unique methodology for The Sunday Times Best Companies to Work For since 2001. Our organisation also conducts a wide range of ongoing detailed research based on our authoritative and highly rigorous methodology. (3) The Accreditation The Accreditation, developed by Best Companies is based on a star rating system where one star is first class, two stars are outstanding, and three stars are extraordinary. Organisational successes have been defined using data from the 2007 Best Companies to Work For survey which involved surveying over 100,000 employees from 434 companies. The Best Companies survey is designed to measure employee engagement and uses 70 questions to gain a comprehensive view of employee engagement across eight factors. Every company that goes for Best Companies Accreditation is given a Best Companies Index score (BCI). This score (on a scale of 1 to 1000) is defined from employees responses to the sixteen key questions within the Best Companies survey. ‘Star Status’ is determined by the ‘BCI’ score and the specific cut-off points for One, Two, and Three Star Accreditation remain constant year on year. (4) Media team
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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