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NEWS
Ignoring Workplace Safety During Downturns Could Be Costly
December 26, 2008

“Workplace safety processes must be in place at all times,” American Society of Safety Engineers’”:http://vaeng.com/societies/the-american-society-of-safety-engineers-asse (ASSE) President Warren K. Brown, CSP, ARM, CSHMM, of Fairborn, Ohio, said recently. “They are even more critical during business downturns.” Mr. Brown is referring to recent reports of some companies cutting safety processes hoping to reduce costs.

“If companies believe they will save money by reducing or ignoring safety for their workers, customers and communities they do business in, they are mistaken,” Mr. Brown said. “The ongoing positive results are in and have been for companies that have a strong safety culture and continually invest in and implement effective safety processes. Not only does their bottom line benefit positively, but their company reputation stays intact, employees stay safe and healthy reducing health care, workers comp, training and turnover costs not to mention keeping customers, the communities they do business in, vendors and employees happy. Safety is good business.”

Businesses spend about $170 billion a year on costs associated with workplace injuries and illnesses and pay almost $1 billion every week to injured employees and their medical providers. In addition, a recent investment firm study in Australia showed valuation links between workplace safety and health factors and investment performance. It found that companies who did not adequately manage workplace safety issues underperformed those that did.


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