When talking about the factors contributing to the success of one company, workplace safety usually tends to take a backseat to some other factors that influence revenue in a more tangible manner. The truth, however, is that the high level of safety founds itself at the very core of any activity that eventually helps one company to grow, expand, or simply operate in a more efficient manner.
That makes workplace safety one of the most critical boxes you need to check before taking any other long-term move.
Let us see how this dynamic works in greater detail.
Preventing devastating disasters
Let us start this discussion with the most obvious mention. Failing to comply with safety requirements and leaving your employees exposed to various workplace hazards opens the doors for various disasters that can take an incredibly heavy toll on your operations, equipment, and, in the worst-case scenario, even take lives. Speaking in cold numbers, we will see that, during 2020, workplace injuries cost the US economy $163.9 billion which is a frightening number that can be easily cut with proper investments.
Improved employee satisfaction
Over the last couple of years, employee satisfaction became one of the most cited contributors to the success of one company. Happy employees are more engaged, they perform their tasks with a higher level of efficiency, and they feel more closely tied to the employer’s goals. Keeping that in mind, though, it should be pointed out that your workers won’t be able to get any semblance of satisfaction if they don’t feel you are not doing enough to make them secure. On the contrary, their morale will take a sharp dip.
Higher security improves operational efficiency
Tools, strategies, and equipment that are aimed at improving the employee’s safety also allow them to work faster, more comfortably, and with greater confidence. Let’s take for example simple assets like latest-gen work-wear or durable work boots. All these items do an excellent job of keeping your workers safe and preventing small accidents like accidental slips, but they also provide an excellent range of motion, optimal comfort, and resistance to surrounding hazards. As a result, you get a much stronger output.
Ensuring compliance with the local legislation
All authorities make a very serious issue of workers’ safety. That is why, regardless of where your business may be located, you will have to deal with a very complex system of regulations whose finite goal is to ensure that every worker gets the highest possible level of protection at the worksite. Failing to comply with any of these proscriptions may lead to extended prosecutions, legal fees, and fines that can considerably set your company back and indefinitely put on hold all initiatives you have put into motion.
Reducing sickness absences and staff turnover
Last but not least, we would like to remind you that, even in the cases when it doesn’t cause direct accidents, compromised workplace safety can gradually degrade the health of your workers which is even more problematic than direct injuries since the progressive decline of health delays necessary medical intervention. All this time, however, your company will keep seeing an increasing number of absences. Once workers become aware of the source of their issues the company inevitably faces staff turnover.
We hope these few arguments gave you a general idea about just how critical the proper use of safety equipment and proper care of the well-being of the workers can be for the success of one company. Granted, even though the results of these initiatives may not be so obvious at the first glance they are built deeply into the core of all other more profitable moves you are going to make further down the road. So, before you start making any additional moves, make sure your organization is placed on strong and healthy foundations.