Items Tagged with 'Return on investment'

This white paper provides a comprehensive overview of global workplace incident trends, focusing on the top three biases leading to such incidents.

When investing in the health and safety of your most important assets – your employees – many other factors go into making an informed decision. You’ll find these considerations in this big-picture overview: “Realizing the True ROI of Safety – Evaluating the Data and Dollars.”

Toronto — A study of large employers in the manufacturing, construction and transportation sectors in Ontario found average returns on investment in workplace safety and health ranging from 24% to 114%.

Research has shown: Employers who invest in safety technology experience increased efficiencies in production and quality. They also stand to recoup their initial investment.

What does OSHA consider a “competent person”? In Episode 15, the Safety+Health team talks about the requirements. Also: Jim Spigener, chief client officer at DEKRA, helps break down “the ROI of safety.”

"When improving safety for the merit of just having a safer workplace is not enough, it's often a very powerful argument with leadership to help explain the cost of safety by showing the economic benefits of safety," one expert says. The challenge: lack of a universal formula.

Various studies have shown that investing money in workplace safety improvements will result in greater savings down the line. Safety+Health looks at where injury costs come from.