Protecting Your People Also Protects Your Profits

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Don’t attempt a crane dismantle without a plan.

Flannery Safety Consulting sets itself apart from the competition by emphasizing that in addition to worker safety, there is also abundant evidence that health and safety programs typically are quite profitable in a number of ways—a large Return On Investment in safety, decreased cost of projects, increased reputation, an increased ability for your company to bid on jobs, and many other benefits. By educating owners on the positives of a safety program—protecting your people protects your profits—better buy-in is obtained and better results are achieved.

“OSHA’s [Occupational Health and Safety Administration, United States] Office of Regulatory Analysis has stated: …our evidence suggests that companies that implement effective safety and health can expect reductions of 20% or greater in their injury and illness rates and a return of $4 to $6 for every $1 invested…”

Companies have begun to realize that having safety programs and safe records is a selling feature for their clients; some clients refuse to use sub-contractors who don’t have safety programs and safe working records. From Dodge Data and Analytics:

  • 51% report increases in project ROI; with a fifth of those reporting increases of greater than 5%
  • 43% report faster project schedules, with half reporting schedule improvements of a week or more
  • 39% report a decrease in project budget from a safety program, with a quarter reporting decreases of 5% or more. Only 15% reported that safety programs cost firms more—debunking the myth that safety has to negatively affect a firm’s bottom line.
  • 82% report an improved reputation
  • 71% report lower injury rates
  • 66% report they have a greater ability to contract new work
  • 66% report better project quality

The bottom line is that assessing and controlling hazards can only be done effectively when a company plans its work. Companies with a good plan are more productive and make fewer mistakes; better productivity and fewer mistakes boosts profitability. Likewise, healthy workers are more productive than injured workers and, again, this boosts profitability.

Flannery Safety Consulting provides services in the Lethbridge area and can be reached at jim@flannerysafetyconsulting.com

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