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Why workplace safety is profitable

The average American worker is invested in his or her safety at work. It is also safe to say that the average American employer is invested in his or her workers’ workplace safety. However, not all employers invest enough time, resources and intention into ensuring that workers remain safe while on the job.

The fact that every worker is legally entitled to a safe workplace is the most compelling argument that employers encounter when questioning whether they should invest in preventing workplace accidents. However, a lesser but additionally compelling argument holds that investing in workplace safety is profitable.

Workplace accidents are expensive. When workers are hurt on the job, employers can face fines and rising healthcare costs. In addition, if the accident that harmed a worker resulted in damaged equipment, repair and replacement costs can be significant. Finally, workplace accidents generally lead to lost production time and a temporary or permanent reduction in the capacity of the worker that has been injured.

When workers are injured on the job, that reality may also affect public image, customer loyalty and the productiveness of workers who remain on the job. In general, workers who feel supported in the workplace and safe on the job produce more than workers who do not feel valued or who are skittish about their own safety.

Employers should support workplace safety because such support is both a legal requirement and is an ethically sound approach. However, if employers need even more incentive to invest in workplace safety, they should understand that such investments are generally profitable.

Source: Business 2 Community, “Workplace Safety: How Can It Profit Your Business?” Jesse Maida, Dec. 10, 2014

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