Investing in the safety of your workers in the same way as you invest in capital improvements to your processes will:
Increase Profits,
Increase Productivity,
Improve the Quality of your product or service, and
Improve employee Moral.
It is no longer just a compliance issue or a moral issue in protecting workers from being injured. Company executives are now looking at the injuries and the costs associated with those injuries. They want to know how the injuries are affecting the profits of the company and how safety is contributing (or not) to the bottom line of a company.
The purpose of this website is to explain how preventing worker injuries and safety programs impacts profits, productivity, quality and moral. The information on this website will provide a means for Safety Professionals to relate safety and injury prevention into financial terms similar to the other financial information that Company Executives review. These financial terms and formulas will assist the Safety Professional in conveying the financial benefits of safety and injury prevention to Company Executives.
The information, tools, and links associated with this website will enable Safety Professionals and Company Executives to understand the impact of injury prevention and safety on the financials of a company.
Safety and injury prevention programs can be seen a profit (or loss) center. Is the injury prevention program and safety programs benefiting the company by adding to the profit – the bottom line? How can this be shown in “hard” numbers?