Benefits of a Workplace Safety Program
As an employer, you want to create a safe place where your employees can work and enjoy their day. You’ve worked hard to build your business and you want to protect it. If you have not implemented a workplace safety program, however, you may be missing a number of key elements that are crucial to fostering the safety of your employees in the office. In today’s post, we’ll look at some of the benefits that you can gain from initiating a workplace safety program.
If the time and resources required to put a safety program into place are more than you have to give, then contact Integrity Employee Leasing to learn how our professional employer organization (PEO) can take over this task for you. Many small- and medium-sized businesses rely on PEOs to manage a number of HR tasks so that they can focus on growing their business. Contact Integrity today for more information on how you can partner with us.
Direct costs typically involve medical expenses such as ambulances, hospitalization, and doctors’ fees. When employees are injured, you may face higher insurance rates, litigation costs, and compensation payments for the injury. One of the biggest benefits of a safe workplace is that your employees are likely to be healthier more often than not. Healthy employees impact your company’s direct savings in a number of areas, including:
- Lower rates on workers’ compensation insurance
- Reduced medical expenditures
- Fewer faulty products
- Decrease in expenditures for overtime benefits
- Lower costs for accommodations for injured employees
Decrease in Indirect Costs
Due to their indirect nature, these types of costs may not seem as though they have a major impact on your bottom line, but don’t be so quick to overlook them. Indirect costs can create lasting effects depending on the type of injury that your employee sustained. Indirect costs include items such as:
- Disrupted work schedules
- Lost productivity
- Recruiting and training new employees
- Negative publicity
- Claims management
The rules and regulations created by OSHA are intended to help you maintain a safe work environment for all of your employees. It is important that you prioritize regular training and education to ensure that these rules and regulations are being properly employed and followed. You can empower your employees to be proactive in avoiding danger and preventing accidents through proper training. As they take on this type of ownership, you may observe an overall improvement in morale and job satisfaction. Your employees want to know that you care about them, and this partnership is sure to positively impact your business.
Typically, companies experience an increase in productivity and a reduction in absences due to illness after implementing a workplace safety program. Additionally, you can potentially lower your health care costs by implementing a wellness program for your employees. The more thought you put into the health and safety systems employed in your company, the more you show your employees that you are truly interested in cultivating an environment of loyalty and respect. When you do this, you should see a great reduction in the turnover of your staff.
Hopefully by now, you see the benefits that come from implementing a workplace safety program in your company. If there are stumbling blocks keeping you from moving forward, including a lack of time, money, or other resources, then contact Integrity Employee Leasing to learn how we can help. As a co-employer, we can take on many of the HR tasks that you don’t have time for so that you can continue to focus on growing your business. Contact us today and let’s get started!