Monday, February 6, 2012

The Correlation Between Workplace Safety And ... - Business Centired

According to some figures recently released, an excess of 40 million workers in the United States required emergency medical assistance for injuries incurred in the workplace. Indeed, there seems to be a plethora of workplace concerns arising due to this mind-boggling figure, even as many companies profess to care more about workplace safety than ever before. In recent years, so many companies have had to bear culpability for injuries that occurred in a place of business. There is a relationship that exists between workplace safety and profitability.

Companies may strive these days to achieve synergy, but for those in industrial manufacturing, synergy manifests itself in Six Sigma effective products and processes. They are cognizant of the direct relation of profits to the actual procedures used in creating these products. That is why it is unfortunate on an economic standpoint and otherwise that so many companies are now neglecting workplace safety in the name of greater sales and profits.

The costs associated with operating a large manufacturing facility in America are astounding. Workplace injuries result not only in a Draconian expense on the company, but also reduced productivity. These injuries can be reduced with proper planning and careful attention to detail. Most workplace injuries are preventable. There are a number of factors to consider, but maintaining a safe and tidy work area is one of the best ways to prevent injury. It is also the workers? responsibility to steer clear from danger to avoid accidents and injury.

Workplace injuries are a very onerous occurrence for both insurance companies and health care institutions alike. As business entities pay an inordinate amount of money on health care services, the most logical recourse for many to recover lost costs would be to increase the price of certain health and safety products and services. Now as one would surmise, companies are now free to ignore what actually causes workplace injuries, as the consumer is caught with egg on his face shouldering the burden. Be that as it may, the main focus apparently seems to have shifted from scratching the backs of the shareholders rather than the health and well-being of the workforce at large.

To be honest, it is very disturbing, though nonetheless interesting, that there are still quite a lot of jobs, in fact, more jobs than ever, not the least in the industrial sector that get sourced out overseas. To wit, there are several reasons why this is the case. One of the most significant reasons is that American companies are able to shave their operating costs down to a fraction of their domestic costs, by capitalizing on cheaper labor in foreign markets. Foreign governments, eager for investment, are all too willing to accommodate the interests of big western business. Far too often, this comes at the expense of workplace safety.

If companies want to be profitable in the long term, they need to reexamine their approach to workplace safety and the health of their workers. The number of companies sending American jobs to other nations to save money through cheap labor and a relaxed labor code is outstanding. American companies can be both profitable and safety conscious. That is why every American company owner must, in our esteemed opinion, make safety education a priority and work on preempting injuries catastrophic and minor alike. To put a twist on an old business truism; safe workers are contented workers and contented workers produce better results.

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This entry was posted on Sunday, February 5th, 2012 at 3:37 pm by Frank Woods and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Source: http://business-centired.co.za/2012/02/the-correlation-between-workplace-safety-and-profit-generation/

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