As a business owner, it’s tempting to see safety as an expensive, time-consuming issue. But, it’s more helpful to look at it as an investment, especially if you work with heavy machinery or mining equipment. By spending money on safety in the short-term, you can boost productivity in the long-term.
In fact, a study run by the MBIE (the New Zealand Ministry of Business, Innovation and Employment) showed that wellness and productivity are directly linked, with good health boosting productivity by 85%, according to Industrial Safety and Hygiene News. Here are three reasons why:
1. BETTER MORALE
When staff members know they’re being well looked after – rather than pushed to their limit – they respect and appreciate their managers. They are then more likely to work hard and put as much effort as possible into every hour on the job.
2. LESS SICK PAY AND FEWER COMPENSATION CLAIMS
Poor safety leads to more sickness and injuries. This is particularly true of earthmoving equipment and mining machinery, which can cause serious accidents. Employers can end up spending loads of money on sick pay and expensive casual staff. In addition, compensation claims involve bucket loads of intricate paper work. Time lost on such tasks is time not spent on boosting output.