Every business needs to check health and safety management systems that they have put in place, and consider how they might improve them to create a happier, safer and more productive environment for their workers. Statistics show that most successful businesses have a solid health and safety management systems. This is because such companies have realized the importance of investing and protecting their workers against any eventuality. When employees are usually more productive at work when they feel protected. In this article, we are going to discuss in detail the business benefits of good health and safety.
- It shows that the business cares about its workers
The primary objective of any business should be to protect the welfare of their workers. Establishing a good health and management system is one way of showing employees that the company cares about their wellbeing. Employees will be assured that in case they get injured, fall ill or come into any other harm while in line of duty, then the company will take good care of them. Additionally, a good health and safety system helps to prevent common injuries at the workplace such as falling, back pain, injuries from slips, asthma and much more.
- It reduces absences
Another benefit of a good health and safety management system at the workplace is that it helps to avoid the chances of employees not turning to work because of health and safety-related issues. Having good health and safety policies means that adequate measures have been put in place to protect workers from illness, injuries or any other form of harm at the workplace. As a result, employees are less likely to miss coming to work because of sickness or injuries. Workers are also less likely to take sick leave, thus saving the business direct and indirect costs associated with absenteeism.
- It reduces employee turnover
Companies that have weak health and safety management system usually have high employee turnover. Excessive turnover not only decreases the overall efficiency of the business but it also comes with a high price tag. Each employee who resigns costs the company a lot of money because they have invested in the staff through training, empowerment and much more. When a company loses an employee, it means that it has to spend more money to recruit and train a new employee. The company will also incur the cost of advertising and screening the new employee. High turnover also affects the continuity of service both to other employees and clients. The best way to avoid this is by strengthening the company’s health and safety management system to guarantee worker’s safety.
- It builds a positive brand reputation
A good reputation is a powerful thing. It not only enables the business to earn customer trust but it also helps the business attract top talent. Businesses that enjoy a good reputation usually attract the most productive workforce. Good health and safety policies can help the company build a positive reputation with customers and workers. The resulting good public relation could help boost sales, retain top staff as well as attract the best workforce on the market.
- The save the business from legal and insurance costs
A good health and safety management system at the workplace can lower premiums charged by the insurance company. Before an insurance company decides on the premium to charge a business, they usually evaluate the health and safety policies that have been put in place. If the business has put a good health and safety management system, then the insurance company will charge lower premiums compared to a company that has poor health and safety policies for their workers.
In conclusion, all businesses that care about their worker’s welfare should put in place a good health and safety management system. Besides enhancing worker’s safety and wellbeing, a good health and safety management system also help to boost employee’s morale and productivity.