Safety should be considered as a PROFIT Center and not a liability.
- Those who design their systems with safety in mind will see the following benefits:
- Eligibility for reduced premium insurance rates
- Attracting a higher caliber of workforce – allows workers to be more productive
- System Efficiencies increase - employees quickly identify situations that can be done saner and more efficient
- Less Production loss
- GREATER profitability
In an effort to raise awareness of how occupational injuries and illnesses can impact a company's profitability, OSHA has created the $afety Pays Program. This program uses a company's profit margin, the average costs of an injury or illness, and an indirect cost multiplier to project the amount of sales a company would need to generate to cover those costs.
Visit OSHA's website to use the Safety Pays Estimator Tool you might be surprised at the results.