Benefits
Increasing industry profitability and competitiveness through world-class skills
The Gold Standard has been used as:
- An industry route for up-skilling and re-skilling
- A tool to ensure investment in training meets business needs
- A route to accredit existing skills and identify gaps
- An indication of the behaviours that are valued, recognised and rewarded
- To underpin recruitment, appraisal and promotion activities
A number of case studies developed by Warwick Economics and Development have quantified the economic benefit of investing in the Gold Standard.
For every £1 invested companies see a return of £9.53 - 
Energy savings - £20 per tonne
Water Savings - £4.50 per tonne
High COD Aqueous waste reduction - £4 per tonne
Maintenance (parts & labour) - £250K
Quality Production efficiency - £500k
Plus:
Reduction in near misses
Improved health & safety records
More efficient use of resources
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