Corinthia Grand Hotel Royal - Budapest Receives Investor in People Recognition
18 April 2008
The International Hotel Investment owned Corinthia Grand Hotel Royal in Budapest, Hungary, has been assessed and recognised as having achieved the Investors in People Standard. is the proud recipient of the prestigious ’Investor in People’ award, a UK based international business standard that is conferred on organizations that achieve the highest levels of HR procedures within their operations.
provides a framework for improving business performance and competitiveness through a planned approach to setting and communicating business objectives and developing people to meet these objectives.
This is an internationally recognized standard given to. The standard requires that all parts of HR practice be comprehensively managed and interlinked, this includes induction programs, training plans, feedback and appraisals, communication, succession planning, evaluation and business planning. These practices must apply to all employees and there must be clear links that training and development plans are working towards the achievement of business goals as laid down in the hotel organization business plan.
Once the hotel was ready for assessment there was a 4 day audit where all practises were reviewed and there were many interviews with managers and employees to ensure that procedures were comprehensive and thorough. On completion of this audit, the hotel received acknowledgement that the award would be granted and celebrations were organized with all employees in early march.
About Investors in People, UK
Investors in People is the national Standard which sets out a level of good practice for training and development of people to achieve business goals. The Standard was developed during 1990 by the National Training Task Force in partnership with leading national businesses, personnel, professional and employee organisations such as the Confederation of British Industry (CBI), Trade Union Congress (TUC) and the Institute of Personnel and Development (IPD). The work was supported by the Employment Department. The experiences of the UK’s most successful organisations, large and small, representing all sectors of the UK economy, were very positive and the Standard received the full endorsement of wide range of interested parties. Since 1991 tens of thousands of employers, employing millions of people have becomeinvolved with the Standard and enjoy the benefits of being and Investor in People.
The Standard provides a framework for improving business performance and competitiveness, through a planned approach to setting and communicating business objectives and developing people to meet these objectives. The result is – what people can and are motivated to do matches what the organisation needs them to do. Investors in People is cyclical and should engender the culture of continuous improvement. The Investors in People Standard is a tried and tested flexible framework that helps companies succeed and compete through improved people performance. To date over 38,000 organisations have formally achieved the Standard. These organisations employ over 30% of the UK workforce and range from companies employing anything from two people upwards, stretching across all sectors of the UK economy.
About Corinthia Hotels
Corinthia Hotels is an internationally acclaimed Brand of luxury hotels in the Czech Republic, Hungary, Libya, Malta, Portugal and Russia. Founded by the Pisani family of Malta in the 1960s, the Corinthia brand stands in that proud tradition of European hospitality and its signature services communicate the ‘Warmth, Colour and Vitality’ of its Maltese heritage. All Corinthia hotels feature state-of-the art conference areas and extensive business traveller facilities. Corinthia Hotels’ portfolio includes two award-winning properties: In Hungary, the Corinthia Hotel Budapest (Grand Hotel Royal) received Europe’s ‘Best Hotel Architecture Award’. It is also on the privileged list of ‘The Most Famous Hotels in the World’ and was this year voted among the 10 ‘Best Luxury World’ hotels by TripAdvisor. In the Czech Republic, The Corinthia Hotel Prague (Corinthia Towers Hotel), was the first hotel ever to win best Gastronomy Concept in the Czech Republic and its award-winning Oriental Restaurant ‘Rickshaw’ is a recipient of the "5 stars and 6 stripes" designation from renowned US reviewer Seven Stars and Stripes. Corinthia Hotels is associated with the Wyndham Grand Collection.