The Correlation Between Workplace Safety And Profit Generation ...

According to some figures recently released, an excess of 40 million workers in the United States required emergency medical assistance for injuries incurred in the workplace. Indeed, there seems to be a plethora of workplace concerns arising due to this mind-boggling figure, even as many companies profess to care more about workplace safety than ever before. In recent years, so many companies have had to bear culpability for injuries that occurred in a place of business. There is a relationship that exists between workplace safety and profitability.

Everybody in business, particularly those companies that are affiliated with industrial manufacturing seek constant and consistent improvement in their processes and the products themselves. They realize that their profits are directly related to the ways and means by which they produce their products. So intense is the chase for greater sales and profitability that a lot of companies in America are now treating workplace safety like the proverbial red-headed stepchild.

One cannot help but be dumbfounded by the staggering costs of operating a sizeable manufacturing facility in America. The effect of workplace injuries is crippling in more ways than one ? it also cripples the budget of a company and their productivity. By being detail-oriented and focused on preventative measures, a lot of these injuries can be precluded. It is, after all, possible to prevent many workplace injuries. The safety and spick-and-span condition of a workplace is probably the best possible way a company can prevent injuries from occurring, though the factors in avoiding injurious accidents are not limited to this. Workers are also culpable for their own safety at the end of the day.

Workplace injuries place a significant burden on health care providers and insurance companies. As companies continue to pay higher premiums for employee health care, one of the only means available for cost recovery is to increase the prices of the goods they produce. As a result, the onus is solely on the consumer, and gives companies carte blanche to ignore the root and underlying causes of workplace injuries. The focus here seems to be on maintaining a healthy relationship with shareholders, and not necessarily on maintaining a healthy workforce.

It is quite fascinating and in a way disconcerting that there are more jobs than ever before, especially industrial jobs, outsourced to foreign countries. There are actually a few reasons why this is so even up to now. By inexpensively acquiring labor from mostly third world countries, American companies are thus able to significantly cut down on the costs of operation, costing a mere percentage of what they would normally be paying for domestic assistance. The foreign governments, on the other hand, are all too happy to invest, and as a result, giddily accommodate the interest invested by corporate America. Invariably, workplace safety is compromised, thus making such a deal appear Faustian in nature.

If companies want to be profitable in the long term, they need to reexamine their approach to workplace safety and the health of their workers. The number of companies sending American jobs to other nations to save money through cheap labor and a relaxed labor code is outstanding. American companies can be both profitable and safety conscious. That is why every American company owner must, in our esteemed opinion, make safety education a priority and work on preempting injuries catastrophic and minor alike. To put a twist on an old business truism; safe workers are contented workers and contented workers produce better results.

Making a well informed HON chairs decision has never been more important to you and your health.

Source: http://brucewood.net/homebusiness/2012/02/10/the-correlation-between-workplace-safety-and-profit-generation/

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