What Are The Benefits of Investing in Workplace Safety and OSHA Compliance?
Many small companies really struggle to understand the many benefits associated with investing in a workplace safety program, especially if they’ve never experienced any problems.
But for small businesses who operate in high hazard industries such as manufacturing or construction, it’s typically just a matter of time before related these problems begin to rear their ugly head. Problems can include OSHA inspections which can result in huge fines and penalties, increased Workmans Compensation premiums from increased EMR, lost business opportunities, increased costs and the list goes on.
It’s actually a very complicated subject, but at the end of the day investing in an OSHA compliance program just makes good business sense, and can prevent tragedy and a wide range of serious problems. And never forget that if your company exposes your employees to health and safety hazards, your company is required by Federal law to implement and manage an OSHA compliant health and safety problem.
There are many benefits associated with investing in workplace health and safety program, but here’s a brief summary:
- Reduce Risk:
- Reduced risk of huge OSHA fines and penalties that can run into the $10s or 100s of thousands of dollars.
- Reduced risk of civil and even criminal liabilities that can trigger when employees get seriously injured or killed on the job, and it can be proven that the company was negligent in managing health and safety requirements.
- Improve employee engagement & company culture: Employees notice and appreciate when their employer takes an active role in improving health and safety conditions at the company. This leads to improved employee engagement, which often results in reduced turnover, absenteeism while improving overall morale and involvement. This adds up to an improved company culture.
- Improve productivity: Ergonomic improvements can result in reduced effort, exertion and stress for your employees, which results in improved efficiency and productivity.
- Improve quality: It’s an established fact that improved health and safety performance equates to improved quality performance.
- Cut costs: Improved ergonomics often leads to reduced lost time injuries, a healthier workforce, and reduced Workmans Compensation costs.