Workplace injuries and illnesses have a huge impact on an employer’s bottom line.
According to the Occupational Safety and Health Administration (OSHA), employers pay almost $1 billion per week for workers’ pay alone. Addressing safety and wellness issues in the workplace can save you money and protect your bottom line.
It is important to know how this affects your business. Those costs for on-the-job injuries and illnesses come out of your company’s profit.
Workers’ compensation only covers about 27 percent of costs of injury or illness. To emphasize the importance of safety and wellness programs in your workplace, teach employees how occupational injuries can affect them.
When employees stay healthy, the direct cost savings to your business include the following:
Safety and health programs also lead to cutback in indirect costs:
Protecting your employees on a daily basis is crucial to the economy, our communities, fellow workers, their families and most importantly, to your company. Promote safety and health programs to ensure success.
Employees and their families experience the following benefits from safety and wellness programs:
Protecting employees is crucial to the economy, our communities, fellow workers and to our families. Safety and health programs allow your employees to flourish and your business to thrive.
OSHA has pledged to work with employers who are committed to safe and healthy work practices to prevent loss. However, you must take an active role in promoting safety. Be sure to educate your employees on required OSHA practices. Teach them to value safety by setting a good example.
Your employees are an investment so it is in your best interest to protect them. Focusing on safety and wellness will benefit your business in the short term. It will also help you avoid losses in the future.
Kim graduated from Purdue University Northwest earning a Bachelor’s degree in Organizational Leadership & Supervision and minoring in Human Resource Management. Prior to joining GIS, she spent 18 years in the community as a Personal Banker and Trust Officer and gained experience in the non-profit sector in Economic Development. Kim enjoys volunteering and serving the community. She is a past board member for La Porte Co Meals on Wheels, Youth Service Bureau, IU Health La Porte Hospital Foundation and the past chairperson for the Tour De La Porte event. She lives in New Buffalo with her family and in her free time, she enjoys hiking, photography, traveling and spending time with family and friends.