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For business owners, maintaining a safe workplace has never been more important, especially since firms are increasingly leveraging effective safety management protocols to gain a competitive advantage. More than anywhere, that competitive edge comes out of the expense side of the ledger, where the cost (both indirect and direct) of safety incidents can be paralyzing – sometimes even business ending. Federal regulators routinely report median payouts for serious worker’s compensation claims in the five figures and rising quickly. Median time lost for those serious claims is also increasing, impacting workplace productivity. For context: workplace injuries and deaths cost the U.S. economy over USD$50 billion in wages and productivity. Employers alone incurred over USD$12 billion in uninsured costs. Turns out, worker safety is just good for business. Not only does building an effective safety culture help reduce injuries, improve employee productivity, engagement, and morale, but it also keeps claims and resulting insurance costs under control. The only problem is safety management isn’t so easy. Simply ensuring continuing compliance with evolving environmental health and safety regulations is a persistent business challenge for managers. Another major business pressure: addressing concern over the risk of an adverse event and reducing the risk of noncompliance. Luckily, environmental health and safety management software offers a clear advantage over manual processes and structures. But not every EHS software solution is created equal. This EHS management software buyer’s guide lets you know the capabilities you need to save time, make better informed decisions, while reducing risks and improving incident response. |
