The Digicast Workplace Communicator Blog covers all of workplace training from safety communication, induction training, training videos and workplace culture. It is written by Marie-Claire Ross. Subscribe below to get the latest updates!
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Since the early 1990's, most companies have got their act together and decreased their workplace injuries (see chart). After all, it's a no-brainer that workplace safety accidents cost businesses lots of money each year. And from a human perspective, it's always a good idea to look after people.
Yet, many companies around the globe often forget about the real costs of an accident preferring to cut spending on safety training and equipment.
Let's take a look at some different viewpoints on the real cost of workplace safety to an organisation:
Gary Gregg, executive vice president of Liberty Mutual's Commercial Markets sums it all up by remarking "There is a clear link between workplace safety and a company's performance".
Research undertaken by Missouri Employers Mutual Insurance revealed that 95. 7% of those interviewed stated that the responsibility for creating a safe work environment belongs to management.
The bottom line is that companies need to assess their risk situation and to educate employees about how to keep themselves safe.
For organisations with a profit and humanitarian focus, education and safety training video packages are a wise investment in reducing business risk since they protect the most important business asset of all. . . human capital.
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