Most organizations want to keep their employees safe. However, there are a lot of companies that don’t fully appreciate the total value in workers safety… or realize all of the potential costs associated with cutting corners on safety training and Proper Protective Equipment (PPE).
The fact is, businesses spend around $170 billion a year on injuries and illnesses in the workplace. However, it is reported that workplaces that establish safety and health management systems can reduce their injury and illness costs between 20-40%. That is a HUGE savings for many companies trying to turn a profit and build their business. That turnaround in savings might even be the difference in business sustainability and business success.
By keeping workers safe and healthy, they are more productive. If a business can avoid workers’ compensation claim costs while improving the amount of work and the quality of work, then doesn’t it make sense to keep those workers safe and healthy? When a star shortstop gets hurt, a manager will look for the best substitute off the bench. Generally, the replacement player lacks some of the defensive skills and/or offensive output, and the team becomes more vulnerable and less successful while the star is on the mend. Injuries are a big part of sports success. They are also a big part of business success.
Beyond productivity, business leaders are responsible for the health and well-being of employees. Workers look to us to be safe… and to feel safe. They need to trust in us and our procedures, and in the equipment that we provide. If they are worried about their health and safety, they are not working to their full potential… and they are more susceptible to something going wrong.
According to the Bureau of Labor Statistics, 4,405 fatal occupational injuries occurred at U.S. workplaces in 2013. In the preceding year, there were 905,690 days off resulting from occupational illnesses and injuries costing businesses nearly $170 billion.
Injuries hurt businesses every day. We know from Occupational Health and Safety Administration (OSHA) that falls are the leading cause of injury, but there are many violations adding cost to the bottom line. Nearly 4,000 violations were reported on respiratory equipment alone totaling $2.4 million in annual fines.
The infographic below created by the Asbestos Institute and posted by OSHA illustrates the value of safety.
I’ve often said that our organization doesn’t just deliver safety products -- we deliver safety. This holistic approach delivers a cascade of benefits for those in which we partner by reducing your costs and increasing productivity, while always focusing on getting your workers home safely at the end of each day.
A safe environment rewards your employees and your business. As companies are facing unprecedented economic pressures, an investment in safety is more important than ever. A safe workplace reduces both direct and indirect workers' compensation claim costs and boosts productivity -- OSHA reports onsite injuries account for 34% of all lost workdays and cost $15-20 billion annually in workers' compensation costs.
Our clients choose to partner with Arbill to create safe work environments that ultimately reduce the hard costs of insurance, missed work and even litigation. But at the end of the day, the necessary protection to keep their employees happy, loyal, productive and, most importantly, safe is the most significant return on an investment with Arbill.
For more information about Arbill, visit www.Arbill.com or call us at 800.523.5367.
Have a safe day!