The ROI of Safety.

In the article below (http://safetyrich.blogspot.com/2011/05/cost-of-injuries.html) we point out the true cost of the direct and indirect costs of injuries.  Can money spent on safety actually provide a return on your investment?  Absolutely!

In fact, we can identify several areas of any business which are affected by proper Risk Assessment and Management. Here are 10, you can probably think of others.

Data Management

Contingency Plans       

Workplace Violence (preventing)           

Workplace Culture (behaviors)   

Unions  (exposure to)               

Production                   

Profits                         

Insurance Costs           

Recruiting

Competitive Advantages

At a recent pre-bid meeting, our client (construction company) pointed out that his company had a 2+ year record without a single reportable injury.  No competitor could match that.

As we have said, effective safety programs return four to six times their cost.  Effective is more than putting up a banner saying “We are Safe!”  Effective does not have to be complex, but it does need to include Plan, Prevent, Protect.  Identify hazards at the earliest possible step (see: http://safetyrich.blogspot.com/2011/05/four-levels-of-protection-from-hazards.html below), then train your workers to identify, avoid and report hazards.

Every product or service you produce must make a return on your investment.  Safety is no different.

See our Web site: SafetyRich