Workplace Safety And Profitability Are Strange Bedfellows ? ~k4y0~

It is estimated that over 40 million workers in the United States had to receive emergency medical treatment for workplace-related injuries. If one would give pause to the purported efforts of most companies into ensuring the safety of their workplace, this number cannot help but raise a few questions. In recent years, so many companies have had to bear culpability for injuries that occurred in a place of business. The purpose of this economic dissertation is to prove the correlation between workplace safety and the generation of profits.

Everybody in business, particularly those companies that are affiliated with industrial manufacturing seek constant and consistent improvement in their processes and the products themselves. They are cognizant of the direct relation of profits to the actual procedures used in creating these products. So intense is the chase for greater sales and profitability that a lot of companies in America are now treating workplace safety like the proverbial red-headed stepchild.

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. With companies paying more and more on employee health care premiums, one of the more prevalent ways of recouping costs hitherto spent would be to increase the prices of commodities and services. This places the burden of expense on the consumer, and allows companies to ignore the root cause of their workplace injuries. Be that as it may, the main focus apparently seems to have shifted from scratching the backs of the shareholders rather than the health and well-being of the workforce at large.

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. By inexpensively acquiring labor from mostly third world countries, American companies are thus able to significantly cut down on the costs of operation, costing a mere percentage of what they would normally be paying for domestic assistance. The foreign governments, on the other hand, are all too happy to invest, and as a result, giddily accommodate the interest invested by corporate America. Invariably, workplace safety is compromised, thus making such a deal appear Faustian in nature.

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. With the number of foreign countries offering inexpensive labor and a lax labor code still numerous, American companies still outsource their jobs overseas. American companies can be both profitable and safety conscious. That is why every American company owner must, in our esteemed opinion, make safety education a priority and work on preempting injuries catastrophic and minor alike. Remember: a safe worker is a happy worker, and a happy worker is a productive worker.

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Source: http://k4y0.com/workplace-safety-and-profitability-are-strange-bedfellows/

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