Safety Economics

Showing How Workplace Stress Hurts the Bottom Line

Work-related stress has been around for as long as workplaces themselves. But recognition of stress as an occupational hazard is a product of modern times. Unfortunately, not all CEOs have gotten the message. As a safety director, you must persuade your CEO that stress really is a problem to take seriously. The best way to [...]

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Keeping It Positive & Energized

Searching for a job is no fun. The stress builds with each interview. The seeming endless stream of rejection letters gnaws away at your confidence. The bills pile up. The future is uncertain—especially now when the economy is so bad. Okay, enough! Snap out of it! You need to get a grip on your worrying. [...]

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New Report Documents Societal Costs of Workplace Injuries

According to The Herald in Scotland, the House of Commons Scottish Affairs Committee, which is looking into why the workplace incident rate is higher in Scotland than in England, commissioned a report by the National Audit Office (NAO) into the work of the Health and Safety Executive (HSE) north of the Border.
The report addresses this [...]

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From Short Term Gain to Long Term Success

In the 90s, companies began to question the wisdom of relying solely on data from the financial statements to measure success. In 1992, Robert Kaplan and David Norton proposed a new system called the “Balanced Scorecard” to measure the key intangibles that contribute to company success that aren’t shown on the financial statements. Here’s an [...]

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Showing How Safety Coordinator Training Improves Compliance

Convincing senior management to invest in training workers and supervisors is a relatively easy task because such training is often expressly required by OHS laws. But the same can’t be said of training for safety coordinators like you. Why, senior management might ask, should the company divert scarce training resources to you if it’s not [...]

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Why It Pays to Protect Your Workers

There’s no debate that our eyesight is invaluable: vision is a primary way humans experience the world, and without it, many jobs would prove impossible. The government has recognized the value of sight by passing legislation for workplace eye safety, and employers institute safety measures of their own to protect workers’ vision. While these combined [...]

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Showing How Training You Saves Your Company Money

OSHA and OHS laws specifically require companies to provide safety training to workers and supervisors. But they don’t say anything about training you, the company’s safety director. So persuading senior management to pony up the dollars to train you can be tricky. After all, aren’t you already supposed to be the [...]

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April Fool’s Day

Be skeptical about anything you read, see on the Internet or hear on TV, the radio or even the phone today. Why? Because it’s April Fool’s Day. You might wonder how the whole April Fool’s business got started, especially if you’re a history buff like me. I decided to do a little research. Here’s what [...]

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Debunking the Myth that Safety Doesn’t Make Money

Companies have historically regarded safety expenditures as a necessary evil rather than a profitable investment. In modern times, companies have begun to wise up and understand that spending money on safety is “good for business.” But even among the enlightened, the perception persists that safety doesn’t actually make money; it just helps prevent losing it. [...]

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Putting a Dollar Value on Hardhats

Head injuries are expensive. Wearing head protection prevents head injuries. Therefore, making workers wear hardhats will save your company money. The logic is undeniable. But if CEOs complain about the cost of hardhats, logic might not be enough to overcome their objections. Now if you could put a dollar figure on the benefits your company [...]

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