Scatterling will provide you and your company with both qualitative and quantitative benefits.Īs discussed, proactive safety measures are profitable in their own right – they don’t just save time and money. These costs are often intangible and difficult to put a price on, but they should never be ignored in a cost-benefit analysis. Indirect costs that result from a workplace injury may include training a replacement employee, lost productivity, repairs to damaged equipment or property, and any costs associated with a lowered employee morale. This brings the total cost up to $2,266,187! Breaking even on that loss of profit is considerable.Īt 2.78%, just covering the indirect cost requires an additional $1,187,050 of income. The indirect cost associated with this injury can go as high as $33,000.īut these figures don’t just represent a loss. Let’s have a look at some real numbers:Ī single workplace injury can incur a direct cost of $30,000. There is simply no better ROI than adopting a proactive safety measure, like Scatterling. But, for every dollar left in your pocket now, it WILL cost you in the future. It is true that reactive safety measures leave dollars in your pocket today. Time is money, and investing proactively in safety measures has a 100% chance in saving you both. There have been many situations where minor accidents that could have been avoided had there been proper preventative safety measures in place, end up destroying a company financially. However, all workplace accidents involve numerous indirect costs which may exceed the direct costs.
#Reactivity hazard free
Read more: A Comprehensive Look into Reactive Safetyĭownload our Free eBook: Proactive and Reactive Safety Not to mention, your risk will only increase as your organization grows. With unexpected expenses that could take a toll on your company’s long-term profits, it just isn’t worth the risk. However, both the direct and indirect costs of a workplace injury are notable. A perceived advantage of operating under this method is saving money. In comparison, reactive safety measures are essentially the opposite. Read more: A Comprehensive Look Into Proactive Safety Being proactive means anticipating accidents, being prepared, minimizing response times, decreasing the number of injuries that occur in the workplace, and as a result, reducing the number of worker’s compensation claims. In short, proactive safety measures entail any tactics employed to minimize the likelihood of an incident taking place. Hence, a positive safety culture is something that’s worth being proactive about. In general, a happier group of employees will be more productive and produce higher quality work. A positive safety culture can lower staff turnover, reduce absenteeism, lower training costs, decrease workplace accidents, reduce possible insurance claims, and have a positive effect on your company’s reputation. Of course, taking a proactive approach to building a positive safety culture will have a large impact on your company.
Safety culture encompasses the expectations, feelings, and perspectives of employees toward the safety of all workers in an organization - it is how safety is managed in the workplace.
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