Every employee has the right to work in a safe and healthy environment. As the boss, you’re responsible for making sure proper safety protocols are allows followed on your worksite. The last thing you want is for an employee to be injured or even killed on-the-job, because of an accident that was fully preventable.
Since it was established in 1970, the Occupational Safety & Health Administration (OSHA) has saved more than 75,000 lives and prevented millions of injuries and illnesses, by creating effective initiatives to keep workers safe on-the-job. In total, OSHA has reduced occupational fatalities by 50% and injuries and illnesses by 40%, simply by setting standards for worker safety.
Companies spend $170 billion per year on expenses linked to worksite injuries and illnesses, according to OSHA, directly impacting their bottom line. OSHA maintains that simply instituting a safety and health management program can lower costs caused by injuries and illnesses by 20% to 40%.
Safe Worksites Are More Cost-Effective
If you can afford to operate a worksite, you can afford to keep it safe. However, taking necessary safety precautions can actually help your company save money, while protecting your hardworking employees.
The 2012 study, “Randomized Government Safety Inspections Reduce Worker Injuries with No Detectable Job Loss,” examined worksite safety inspections completed by the Division of Occupational Safety and Health (Cal/OSHA) to learn more about their impact on worker safety and company profits. The researchers determined these worksite inspections effectively lowered the amount of work-related injuries and the costs associated with them, without reducing the company’s performance level or profits.
In fact, the study revealed a 9.4% decrease in injury claims and a 26% drop in workers’ compensation expenses in the four-year period following a Cal/OSHA inspection, compared with similar worksites that were not inspected. Companies whose worksite was subject to inspection saved approximately $355,000 in injury claims and compensation for lost work during this four-year span.
Consult the MAC Incorporated blog to learn more about OSHA standards. Our niche-based recruiting and staffing firm specializes in the placement of top engineering, maintenance, and operations management professionals, and we want everyone to stay safe. Contact us today for more information!