Workplace safety has become increasingly recognized as being something all businesses need to think about. Still, if it isn’t actively prioritized, it can have some devastating consequences for employers and employees alike. No worker in the world will want to come into work if they know that their health is at risk, and there are some clear benefits of a safe and sound workplace. This is why all businesses need to prioritize safety in their management meetings.
How Safety Can Boost Businesses
Safety serves several benefits to a business besides protecting its employees.
1. Money Savings
If you don’t run a safe business, you can’t be surprised when one of your employees does the sensible thing and looks into hiring a lawyer. Worker’s comp lawsuits can be for slip and fall injuries; repetitive strain injuries; heavy lifting; vehicle accident injuries and injuries caused by equipment malfunctions.
Another way you can save money by having a safe workplace is via insurance savings. If you have a high safety rating, your corporate insurance will be lower than if you don’t. You can also protect yourself from lawsuits by having a thorough and comprehensive safety training program.
2. It can improve employee happiness
Humans have evolved to enjoy things that reward them and be driven away by things that can harm them. When somebody is in a potentially harmful environment, they will feel uncomfortable until they are in a safer environment. When a work-space is potentially harmful, they will feel less happy, which will impair their confidence levels and impact their job.
3. It can improve productivity
For a similar evolutionary reason, humans are always on the lookout for danger – the danger-recognition area of the brain (the limbic system) can bypass the area of the brain that is responsible for concentration and control of behavior. As a result, employee flow can be greatly impaired if the environment isn’t safe, which will have devastating impacts on productivity
4. It can improve employee retention
When employees leave the company frequently, your business can start accumulating costs that you haven’t accounted for fairly rapidly. The hiring process can be difficult if you need somebody that fits in with your team, but even if you don’t, the onboarding process can be expensive. Training costs money but also impacts productivity as you are paying somebody’s salary while not getting full use out of them as an employee.
5. It can Increase the Quality of Your Products
Quality control is a hugely important facet of business because it normally falls hand in hand with efficiency and product quality, which impacts customer satisfaction and can therefore boost your sales, customer loyalty and more. When you improve safety, you also reduce employee downtime and, in many instances, improve efficiency.
With so many clear reasons to keep things safe, you have little excuse not to. Improving your business’ safety might give you some upfront costs, but the money that you save from implementing safety measures will make the upfront cost well worth it in the long term.