Why should top-level Directors care for employees safety? For starters, every employee should work in a safe and protected environment. However, in most companies, employees are not given a chance to raise their concerns about Workplace safety or not given a chance to do so frequently enough. This means it is the managers’ responsibility to look out for their hard-working employees. After all, it’s the right thing to do, at least, from an ethical point of view.
Unfortunately, in the modern corporate world, ethics alone don’t drive large policy decisions. Top-level directors and executives need real-world cases and quantitative proof before their decisions are made, even when it’s a decision concerning something as fundamental as employee safety.
Ignoring Worker Safety Is Far More Expensive
Let’s start with some numbers.
Workplace injuries cause productivity loss equating to over three weeks of employee absence, on average.
The average cost of a non-fatal workplace injury in 2017/18 was £8,500 per case.
The average cost of a fatal workplace injury was approximately £442,000 per case.
Not to mention the loss of productivity, morale, and reputation that are common consequences of every workplace injury.
But what about health and safety programs? What can they do?
By deploying a health and safety program for employees, UK employers could have saved nearly £15 billion in 2017/18 alone. If numbers alone drive corporate decisions, having a safety program should be a no-brainer. But the evidence in support of employee health and safety programs does not end here.
By having an UpToDate health safety program, companies can significantly lower Employers liability Insurance premiums, increase morale and productivity, avoid legal prosecution and injury litigation. The Employers’ Liability (Compulsory Insurance) Act 1969 ensures that you have at least a minimum level of insurance cover against any such claims. Employers’ liability insurance will enable you to meet the cost of compensation for your employees’ injuries or illness whether they are caused on or off site.
Profit and Loss Statements Won’t Always Matter
That’s right. You can try to keep costs low and improve the bottom line so your books look good but all it takes is a single accident and all that good work would be for nothing. In fact, it can do a lot more damage. At Express Solicitors we are aware of thousands of cases that involved a single accident. In a surprisingly large number of cases, that one accident can cause a legal case to stretch for a long time as the courts try to see the bigger picture and how that one accident can affect millions of other employees in the country.
And even if the consequences of workplace injuries aren’t as severe as this, they can still be a PR nightmare and cause a loss of reputation. The bad PR will become a lot worse if it gets out that the managers didn’t listen to employee complaints, provide proper training or were impervious to blatant safety issues.
It can also be an HR issue as a company that fails to provide a safe and protected workplace to its employees is not a company a lot of people want to work with.
The best way to avoid this?
Take Worker Safety Seriously
There’s no other way to say it – Employee safety is important. In fact, it should be the top priority in every company, especially one with workplace hazards. Taking working safety isn’t just the right thing to do from an ethical perspective but it also makes a lot of business sense. So, give employees the required training, listen to their concerns, and deploy a proper worker health and safety program.
If you don’t, you risk your entire business.
This Blog was written by Nina Sharpe a guest blogger.