The ROI of Safety
Good for Workers, Employers & Business
Sound safety practices protect not only the well-being of your employees, but are good for your business and bottom line.
Research and industry experience suggest organizations that invest in
health and safety programs realize a tangible Return On Investment (ROI).
Some of the ROI of better safety comes from:
- Decreased Down Time: strong health and safety programs can reduce worker injuries and incidents – allowing companies to decrease expenses related to medical care, PTO, litigation and lost productivity.
- Compliance with Regulations, Laws and Standards: Non-compliance can be disastrous, impacting an organization financially and damaging their reputation. Avoiding legal fees and fines from OSHA or other regulatory agencies helps maintain a healthy bottom line.
- Increased Operational Efficiency: A focus on safety leads to higher productivity, which drives short-term revenue growth and supports long-term sustainability
- Positive Reputation: Simply put, employers want their employees, customers and the public to view them as safety-focused. No one wants to work for or support a dangerous, unethical company.
Many companies face the challenge of basing decisions on cost savings vs worker safety.
But here’s another ROI of fine-tuning your safety programs now. Safety+Health magazine reports that investments in safety will result in savings down the line. For every $1 spent on safety today, you save $2 in the future. In fact, you could save $3, $4 or even $6 in the future per dollar spent now
This quick-read guide, gives you the breakdown of how to cut costs with better workplace safety outcomes.
Protect your people, save money, and build a better reputation for your business.
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