You’ve probably heard this plenty of times: Workplace safety saves money by lowering costs associated with employee injuries, such as workers’ compensation claims
Of course, saving money is great. But there’s another reason U.S. companies should pay attention to worker injury rates: Competition.
Whether a company’s competition is down the road, across the country or, in the global economy, half a world away, cutting workers’ comp and medical insurance costs will help businesses compete successfully.
Edwin Foulke and Dr. John Howard, Directors respectively of OSHA and the National Institute for Occupational Health and Safety (NIOSH) both said during the American Society of Safety Engineers’ Safety 2008 conference that as companies look to cut costs by moving operations overseas, upper management can help keep jobs in the U.S. by saving money on safety.
Foulke said saving money through safety can help U.S. companies stay tops in productivity, efficiency and quality.
Info: www.aven.com/conf.cfm/cid/1057 for audio of ASSE’s Safety 2008 sessions.
DIGGING DEEPER
Safety training is often repetitive, which makes it boring for some workers. To make training interesting (and to get it to stick), look at the Executive Report: Safety Training Ideas Worth Stealing.

I've never looked at it from a competition point of view. I truly believe that money is the major motivator. Worker injuries can be very expensive.
Posted by: Ajlouny | October 18, 2008 at 05:31 PM
I admire the valuable information you offer in your article. Tools and procedures have been developed for industrial safety, the most important being the Industrial Facility Safety Audit. Everyone in the workplace will play a role in the safety and health of the facility. A walk-through to examine equipment, review paperwork and safety signage, and chat with co-workers and employees who actually work in the areas is a necessary action. Thanks for sharing this nice post with us.
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