Pallet racking inspection training plays a big role in the British economy, perhaps bigger than most people would have originally realised. Upon close inspection, it becomes clear how racking inspection training can be used as both a tool to boost the economy and as a measure of economy’s health. Some might take for granted the fact that we can now state, with some accuracy, how well a given economy is doing at a given time.
During the Great Depression in the United States, much of the data used to judge how the economy was doing was incomplete and so a lot of economic policy at the time was guesswork. We now live in a hyperconnected and data-driven world where figuring out the current state of a given economy is much easier than it once was. There is still room for debate about the economy. Yet, there are some things that almost all economists agree are good for an economy. And one of them is pallet racking inspection training.
Are free markets danger free? The British government’s role in the rack inspection training market
Depending on your political affiliation, the role a given government should play in the economy ranges from “a very big one” to “a very small one”. However, one thing that all mainstream economists can agree on is that the government should play at least some role in the economy. With regards to rack inspection training, the best thing the government can do is to legitimise the importance of pallet racking inspection training through regulation. The creation of HSE, and the subsequent racking regulations that came with it, are exactly that.
Pallet racking inspection training is not a free-for-all; it is not a marketplace where anyone can say and do as they please. For a start, not just anybody can call themselves a SEMA-approved rack inspector (SARI). That title is hard earned, and being part of the SARI programme is something HSE recognise as vital to the rack inspection process. In the case of racking safety, the government’s influence on the market is subtle but effective.
Fewer accidents and more whisky: The direct and indirect benefits of rack inspection training on the British economy
Just as the British government does good things for the rack inspection training industry, so too does the rack inspection training industry do good things for the British government. Namely by helping to better the British economy. A well-trained workforce is more productive, and productivity is key to a thriving economy. In fact, some economists would go as far to say that the most important difference between an economically developed region or nation and a less economically developed one is how productive they are.
Moreover, a workforce that is safer is less likely to be involved in accidents. As every employer knows, accidents cost time, money, and (in extremely tragic cases) employees’ lives. It’s hard to put a figure on how much this costs a business, especially when it comes to fatalities. Still, that hasn’t stopped OSHA, the USA’s government department for health and safety, from trying. They have long argued that for every $1 spent on safety, businesses can save up to $6.
Then there are the indirect benefits. Businesses that are safer make more money, but pallet racking inspection training has benefits beyond safety. Trained employees are happier and happier employees make more money too. A well educated and happier workforce is one of the many positive externalities of rack inspection training.
Another benefit of pallet racking inspection training is increased investment. Businesses who know that their racking systems are safer and more secure, as a result of rack inspection training for their staff, can buy more stock with great confidence. In other words, if a business is made up of staff that know the limitations of their racking systems, how to effectively deliver rack inspections, and when to call in a SEMA-approved rack inspector, then they can better look after their product. This is especially true with the whisky industry, which has real potential to boost the British economy. Whisky businesses with pallet racking inspection training can brew and store more whisky, more often, with more confidence. This is great news for UK economists and whisky aficionados alike.
Safe money: rack inspection training as a measure of the British economy
There are three key indicators that economists use to judge an economy’s health: GDP, inflation rate, and unemployment rate. These three statistics are to macroeconomists what pulse, heart rate, and brain activity are to doctors. Using this same analogy, the number of businesses delivering and receiving rack inspection training is important too. It’s not exactly as directly related to health as heart rate or brain activity but it’s definitely another factor, perhaps more akin to weight, amount of sleep a person gets, or the amount of plaque on someone’s teeth. In essence, the more a given economy is spending on pallet racking inspection training, the healthier that economy is.
There are a couple reasons for this. First, if a business is spending money on rack inspection training, it means that they are able to spend their businesses budget on investments rather than the day-to-day running costs of the business. Second, if that business is a small business or a startup, then it is a business that is beginning to think bigger which is a key indicator of growth.
The relationship between rack inspection training and the British economy is intimate and complex, but the overarching theme is that good news for one means good news for the other. For the UK’s economy to grow, we need a more intelligent, more motivated, and — above all else — safer workforce. The best way to do that is with pallet racking inspection training from Storage Equipment Experts.
Whether it’s because you’re doing your bit for the British economy, or whether it’s because you just want to make your business better, pallet racking inspection training from Storage Equipment Experts is always a safe choice.