They don’t realize that implementing health and safety programs before starting a project can help save on incidental costs. Instead of prioritizing safety, these companies would rather pay OSHA-mandated fines or worker’s compensation. Unfortunately, many companies look at occupational health and safety compliance as just another added cost. Prioritizing Safety Increases Insurance Savings Providing a safe workplace allows these companies to deal with fewer liabilities like workers’ compensation and insurance investigations. How so? Well, companies that pay attention to safety and health guidelines often end up with fewer onsite safety issues. As a result, they often also sport healthier bottom lines. In fact, the Office of Safety and Health Administration (OSHA) reported that one out of every five deaths in the workplace in 2019 came from the construction industry.Ī construction company with stellar employee safety records is more likely to earn a great reputation in the market. This is especially true in the construction industry, which features some of the most hazardous jobs. Likewise, customers won’t buy from these companies, even if they have better deals.Īside from profitability, safe workplaces also help generate more market interest. Potential employees are less likely to flock to job applications for companies that are deemed dangerous to work for. Ensuring employee safety is a cardinal rule for any workplace.
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