Benefits of a safe workplace
Most businesses ignore the various safety regulation in order to reduce the short term operating cost of their operations. However recent studies on the subject shows that the creation of a safe workplace has beneficial effects to every business.
The main benefits of developing a safe workplace are given below:
- Increase in employee safety: The development of a safe workplace helps to reduce the number of accidents that happen at a workplace. The implementation of the proper safeguards helps to improve employee morale. These measures also help to improve the productivity of the employees. The creation of a safe workplace helps to create strong bonds between the employees and employers. These strong bonds help to improve the overall efficiency of the business operations of the company.
- Reduction in operating cost: Businesses have to pay at least one million US dollars to employees as compensation every week in order to settle the lawsuits related to workplace accidents. The development of a safe workplace helps to reduce the number of lawsuits that are filed against the company as well as the compensation paid by the company to injured employees. The decrease in the number of accidents at a workplace also helps to reduce the number of absent employees. The reduction in the number of accidents at a workplace also helps to reduce the chances of a complete shutdown of the business operations of the company.
- Positive effect on public perception: The reduction in the number of accidents at a workplace has a positive impact on the general perception of the public about the company. Customers usually prefer to buy products from companies who care more about their employees as compared to other companies. The creation of a safe workplace helps the company to increase customer retention by building a positive public image.
Facts related to Workplace Safety
One worker dies every 15 seconds due to a work related accident. More than 150 workers are injured during various workplace accidents at the same time.
The implementation of poor health and safety regulations is responsible for reducing the global GDP by more than 4 percent. The implementation of poor health and safety regulations by businesses is responsible for 317 million workplace related accidents.
More than half million employees are injured during workplace related accidents every year in Australia.
A study conducted by the National security council of Australia shows that 85 % of the businesses fail to properly implement the necessary safety measures. The survey also concludes that most of the workplace related accidents occur in the Construction sector.
The Mining sector, Forestry & Fisheries sector, Transport & Storage sector and Manufacturing sector are the other four sectors that are responsible for most of the workplace related accidents.
Measures for increasing Workplace Safety
The minimum steps that should be used by businesses to increase worker safety are given below:
- Staff training: Employers should provide adequate safety training to their employees in order to create a safe and healthy workplace.
- Implementation of the Occupational Health and Safety Act: The Occupational Health and Safety Act has developed over the years in order to reduce the number of workplace accidents.
- Implementation of safety incentive plan: The implementation of a safety incentive plan helps to reduce the risk of workplace related incidents.
- Use of Protective safety equipment: Businesses are required to equip their employees with Protective safety equipment in order to protect their employees from hazards. Companies should also provide training in the use of the equipment to employees.