Why Health & Safety Is Important For Small Businesses
Safety is good business and the right thing to do. It’s not only an employer’s responsibility to protect workers from injury and illness on the job, protecting workers makes good business sense. The costs related to accidents and injuries can be expensive and add up quickly. But an effective and affordable safety program can help small businesses minimize those costs over the long run.
How A Safety Program Can Help Small Businesses Save Money
According to OSHA, addressing health and safety issues in your workplace can help save money and add value to your business. Direct and indirect cost-savings of a safety plan may include:
- Lower workers’ compensation insurance costs
- Reduced medical expenditures
- Less money spent for overtime benefits
- Fewer job accommodations for injured workers
- Increased productivity
- Higher-quality products
- Better labor/management relations
- Enhanced employee morale & less turnover
Source: OSHA