Ehs Solutions Essay

352 Words2 Pages
Investment in workplace safety triggers positive bottom line Businesses invest now in workplace safety, as part of their business strategy, to decrease injuries and illness, thereby increasing profits and helping to create jobs. "Many businesses do this, but if more were aware of the fact that it makes good business sense to protect people in the workplace by investing in safety, they would soon reap the rewards and realize job creation potential. The cost of preventing work-related injuries and illnesses is usually far less than correcting them." Companies that invest consistently in safety realize positive bottom line results, reduced absenteeism, lower turnover rates, higher productivity, increased employee morale and a positive brand image. Additionally, as illnesses, injuries and fatalities decline so to do health care and workers compensation costs. The indirect cost of an incident is invisible which can be up to 10 times that of the direct costs. Indirect costs include: training and compensating replacement workers; repairing damaged property; accident investigation and implementation of corrective action; scheduling delays and lost productivity; administrative expenses; low employee morale and increased absenteeism; and poor customer/community relations. Return on Investment (ROI) for Safety, Health and Environmental (SH&E) Management Programs, investment in a SH&E program is a sound business strategy for any organization regardless of size and will lead to having a positive impact on the financial bottom line. There is a direct positive correlation between investment in HSE and its subsequent return on investment. Duty to provide a safe and healthful workplace to those who work for the company or visit the worksite are able to reap the rewards of their prevention efforts." Workplace injuries and illnesses are costly in financial and human

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