Workplace Safety And Economics

Workplace Safety And Economics



Workplace Safety and Economics
It is​ estimated that over 40 million workers in​ the​ United States had to​ receive emergency medical treatment for workplacerelated injuries in​ the​ year 2003. This is​ a​ staggering number when one considers the​ efforts most companies have put into maintaining a​ safe workplace. in​ modern times,​ a​ number of​ companies have been found liable for injuries sustained in​ their places of​ business. There is​ a​ relationship that exists between workplace safety and profitability.
Every company,​ especially those involved in​ industrial manufacturing,​ is​ constantly looking at​ ways to​ continuously improve their products and processes. They realize that their profits are directly related to​ the​ ways and means by which they produce their products. Unfortunately,​ too many companies get caught up in​ drive for higher profits and tend to​ allow workplace safety to​ become an afterthought.
The costs associated with operating a​ large manufacturing facility in​ America are astounding. Workplace injuries place a​ massive burden of​ expense and weakened productivity on​ a​ company. 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. Workers,​ too,​ have a​ responsibility in​ keeping themselves safe from harm.
Workplace injuries place a​ significant burden on​ health care providers and insurance companies. as​ companies continue to​ pay higher premiums for employee health care,​ one of​ the​ only means available for cost recovery is​ to​ increase the​ prices of​ the​ goods they produce. This places the​ burden of​ expense on​ the​ consumer,​ and allows companies to​ ignore the​ root cause of​ their workplace injuries. the​ focus here seems to​ be on​ maintaining a​ healthy relationship with shareholders,​ and not necessarily on​ maintaining a​ healthy workforce.
It is​ interesting to​ note that there are record numbers of​ jobs,​ especially in​ the​ industrial sector,​ being sent overseas. There are a​ number of​ reasons to​ account for this. 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. Many companies are sending jobs overseas,​ in​ order to​ take advantage of​ cheap labor and relaxed labor laws. American companies can be both profitable and safety conscious. Through directed education campaigns and preemptive planning,​ workplace injuries can be reduced in​ a​ significant way. Remember a​ safe worker is​ a​ happy worker,​ and a​ happy worker is​ a​ productive worker.




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