Although it is essential to have good safety standards in the workplace, many still look past it. So why is it important to ensure the workplace is safe and that there are no risks to employees?
The costs of poor Health and Safety
HSE statistics reveal the human and financial cost of failing to address H&S. Each year, millions of working days are lost due to work-related illness and injury. Thousands of people die from occupational diseases and around a million workers self-report suffering from a work-related illness. Several hundred thousand workers are injured at work and almost every day a worker is fatally injured.
Let's move on to the benefits of good Health and Safety
Addressing H&S should not be seen as a burden, as it does offer significant opportunities. Benefits can include:
Reduced accidents and risks
Having warning signs in sight and machinery regularly checked for problems, there will be fewer accidents. The health and safety of employees is a priority; you and your company should aim towards eliminating risk.
Preventing risk and providing good H&S support will ensure that you are not known for employees having accidents in the workplace.
Increased productivity, because employees are healthier, happier and better motivated
Happier and healthier employees will increase productivity as they're better motivated. There should also be a reduction in illnesses and absences at work. It's simple really, the better you feel the more work you're capable of doing and the better your attendance.
Lower employee absence and turnover rates
The better the H&S in the workplace, the lower the risk of incidents and accidents. In turn this creates a lower employee absence rate. Good hygiene should be considered general H&S for the company and should be enforced to prevent illnesses spreading.
Lessened threat of legal action
When a workplace is filled with risk and there are employees suffering from accidents that could have been prevented. Legal action can be taken against your company if you don't make a start on improvements. Regular checks should be carried out.
Improved standing among suppliers and partners
If your employees are happy with the standards in place, it is likely your suppliers and partners will be happy too. Promoting good H&S can make suppliers and partners feel safe in the workplace when they visit.
Better reputation for corporate responsibility among investors, customers and communities.
Being known for poor H&S standards is not good for business. Who'd want to deal with a business that has a bad reputation? Which is why it is important that your company has good standards to avoid accidents and the backlash of bad reputation that comes along with it.
Reduce your insurance premiums and legal costs
Saving on the cost of employee accidents and ill health is an investment in the future of your business. Maintaining a good standard of H&S in the workplace can result in lower insurance premiums.
Employers may also have insurance for accidents involving vehicles, third-party and buildings insurance. Although, insurance policies only cover a small proportion of the costs of accidents. Costs not covered could be: sick pay, loss time, damage/ loss of products and raw materials, repairs and many more.
Good practice in H&S keeps you out of court. Here are the legal costs of poor H&S practice:
Compensation you pay to workers who have suffered injury or illness.
Paying your staff to administer the legal case
These can potentially ruin a business.
Neglecting your responsibilities has wide ranging consequences
People often don't realise the importance of H&S until an accident happens and they end up dealing with the repercussions.
Companies which manage H&S properly have happier, more productive employees, a better reputation and fewer legal issues to deal with.
Managing risks in your organisation can be a complex process. Particularly when you are relying on inappropriate software such as Excel or a dated H&S system. Find out how we can help you here.