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Benefits of BSI-accredited manned guarding revealed

Choosing outsourcing providers that comply with voluntary standards can help a business to gain a major competitive advantage, according to a new study - and, in turn, it boosts the UK economy as a whole.

The study, published by the British Standards Institution (BSI) on June 9th and reported by security industry news website Infologue, was carried out by independent consultancy the Centre for Economics and Business Research (Cebr) as an update to a 2005 report from the Department for Trade and Industry.

It found that currently, voluntary standards contribute towards 28.4 per cent of annual gross domestic product (GDP) growth in the UK - more than £8 billion - as well as a 37.4 per cent year-on-year increase in the nation's productivity.

Benefits of BSI-accredited manned guarding revealed

Additionally, the industry accreditation schemes grow the UK export market by approximately 3.2 per cent per year - business worth a massive £6.1 billion in 2014.

Finally, the Cebr study showed how UK companies that comply with voluntary standards are twice as likely to be active on the export market as the average firm of equivalent size and sector in the country.

The consultancy's report also comprised results from a survey of over 500 decision-makers across a number of different industries, carried out by JRA Research. Respondents were asked to describe the business outcomes experienced as a result of their compliance with BSI Standards.

More than three-quarters (70 per cent) said that standards within their supply chain had helped them to procure higher quality products and services from their business partners, as well as deliver a higher quality of product or service to their end customers.

Almost nine out of ten (89 per cent), meanwhile, said that industry accreditations had boosted their ability to comply with mandatory regulations, with more than half (54 per cent) saying they had benefited from being able to access technical information through the BSI and its partners.

Finally, 84 per cent of respondents told JRA Research that their compliance with BSI Standards had enhanced their reputation. Mid to large businesses were diversifying into new markets as a result, and small and medium-sized enterprises were benefiting from increased productivity, greater innovation and an expanding customer base.

Commenting on the study, Scott Steedman, director of standards at the BSI, called standards "a key driving force" in helping British businesses to be more productive and more profitable in domestic and export markets, and in raising the UK's GDP as a whole.

"The UK is a world leader in shaping best practice standards for business and industry that differentiate high performers from the rest of the market," he continued. "The evidence shows that even in this tough economic climate, businesses who are willing to continually improve their processes, develop their people, and seek to provide assurance for their products and services, can and will grow - not just in terms of market share but also in reputation and trust."

Storm Operative Security is accredited for both BS7499, Providing Security Services, and BS7858, Vetting of Personnel Working in the Security Industry. For more information, see our accreditations page.

Posted by Andrew Miller

Image courtesy of ThinkStock

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