Injuries and fatalities on the job cost society upwards of $200 billion in 2012. The American worker faces hazards every day on the job and if not properly equipped to handle these dangers, he can end up costing his company significant sums in medical, legal, and insurance expenses.
Goldman Sachs found that prioritizing safety helps companies perform better in the long run, and Capterra suggests “time, effort, and money spent on preventing accidents is less than the expense of dealing with accidents afterwards.” While emphasis on safety may have an upfront cost, the return on investment can range from 200-600% when you consider the decrease in injuries/fatalities and their associated direct and indirect costs.
Using safety management software that can be customized for your organization’s specific needs is one of the best ways to improve safety in the workplace. A modern safety management platform can help keep everyone at your workplace up to date with the latest changes to safety policies and other requirements. A focus on safety will help employees stay healthy on the job so they can be productive when it matters most.
Technology can be utilized in a company’s safety management program to better equip employees with standardized training, track compliance, increase communication and collaboration among managers and employees, and identify trends to prevent costly incidents. Read More. Download our Whitepaper.