The Business Case for Your Safety Program A closer look at the ROI of proactively investing in safety Top 5 Most Costly Injury Causes Today Overexertion involving outside sources Falls on same level Struck by object or equipment Falls to lower level Other exertions or bodily reactions Total cost of the most disabling workplace injuries $55.43 billion Reasons to Show the ROI of Safety To change your culture for the better. After all, it is an investment in employee engagement. To shift from a fault-finding environment to a collaborative, safe, and healthy environment. To keep employees safe, while being actively informed on where the next injury may occur. Plus, you have the ability to stay ahead of the game with predictive analytics. Real-time analytics means you can see ongoing safety activities and the cost savings associated with all you ongoing activities. It's an investment in the future of your company. Safety tech is the future of work! Simplified decision-making. You can know more about what can happen in the future, and how that's connected with what you should do now to prevent a negative outcome. Leaders should be equipped to continually demonstrate why health and safety must be a priority for the business. How Safety Impacts the Business: Direct Costs & Indirect Costs Direct Costs of Workplace Injuries & Illnesses Indirect Costs of Workplace Injuries & Illnesses Although employers pay almost $1 billion per week for direct workers' compensation costs alone, there are so many other costs that come with workplace injuries and illnesses. Medical expenses Workers' comp payments Legal services and/or civil liability Wage replacement payments Property loss Disruptions to work environment Loss of brand reputation and goodwill Loss of productivity Clean-up, repair, and replacement costs of damaged materials or property Morale and negative impact on culture Weakened ability to recruit and hire Increased training and/or replacing workers Increase in insurance premiums OSHA fines or legal costs Another indirect cost that shouldn’t be forgotten: This doesn’t even begin to measure the impact on an individual’s mental and physical state if they are injured or hurt on the job. The ROI of Proactive Safety is Clear A strong safety culture doesn't just save you indirect and direct costs, it also impacts the bottom line in terms of productivity and performance. It adds value to the employee experience and it positively shapes your short- and long-term culture. Various studies show $1 invested in safety results in a return of $2-$6 Your All-in-One EHS Solution Remove the complexity of building and managing safety-first culture Learn more at ireportsource.com infographic brought to you by Thanks to all the sources used during in this infographic: 1. https://www.nsc.org/Portals/0/Documents/MembershipDocuments/JSE-Invest.pdf 2. https://business.libertymutualgroup.com/business-insurance/Documents/Services/DS200.pdf 3. https://www.osha.gov/dcsp/products/topics/businesscase/costs.html 4. https://www.safetyandhealthmagazine.com/articles/10414-the-roi-of-safety?page=2 5. https://ohsonline.com/articles/2013/09/01/the-roi-of-safety.aspx?m=1

Your All-in-One€¦ · Although employers pay almost $1 billion per week for direct workers' compensation costs alone, there are so many other costs that come with workplace injuries

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Page 1: Your All-in-One€¦ · Although employers pay almost $1 billion per week for direct workers' compensation costs alone, there are so many other costs that come with workplace injuries

The Business Case for Your Safety ProgramA c l o s e r l o o k a t t h e R O I o fp r o a c t i v e l y i n v e s t i n g i n s a f e t y

Top 5 Most Costly InjuryCauses Today

Overexertioninvolving outside

sourcesFalls on same level Struck by object

or equipment

Falls to lower level Other exertions orbodily reactions

Total cost of the mostdisabling workplace injuries$55.43

billion

Reasons to Show the ROI of SafetyTo change your culture for the better. After all, it is aninvestment in employee engagement.

To shift from a fault-finding environment to acollaborative, safe, and healthy environment.

To keep employees safe, while being actively informedon where the next injury may occur. Plus, you have theability to stay ahead of the game with predictiveanalytics.

Real-time analytics means you can see ongoing safetyactivities and the cost savings associated with all youongoing activities.

It's an investment in the future of your company.Safety tech is the future of work!

Simplified decision-making. You can know more aboutwhat can happen in the future, and how that's connectedwith what you should do now to prevent a negativeoutcome.

Leaders should be equipped to continually demonstrate whyhealth and safety must be a priority for the business.

How Safety Impacts the Business:Direct Costs & Indirect Costs

Direct Costs of WorkplaceInjuries & I l lnesses

Indirect Costs ofWorkplace Injuries & I l lnesses

Although employers pay almost $1 billion per week for direct workers'compensation costs alone, there are so many other costs

that come with workplace injuries and illnesses.

Medical expenses Workers' comppayments

Legal services and/orcivil liability

Wage replacementpayments

Property loss

Disruptions to workenvironment

Loss of brandreputation and

goodwill

Loss of productivity

Clean-up, repair, andreplacement costs of damaged

materials or property

Morale and negative impact on culture

Weakened ability torecruit and hire

Increased training and/orreplacing workers

Increase in insurancepremiums

OSHA fines or legalcosts

Another indirect cost that shouldn’t be forgotten: This doesn’teven begin to measure the impact on an individual’s mental

and physical state if they are injured or hurt on the job.

The ROI of Proactive Safety is ClearA strong safety culturedoesn't just saveyou indirect and directcosts, it also impactsthe bottom line interms ofproductivity and performance.It adds value tothe employeeexperience and itpositively shapes your short- andlong-term culture.

Various studies show

$1 invested insafety results in

a return of $2-$6

Your All-in-OneEHS SolutionR e m o v e t h e

c o m p l e x i t y o f b u i l d i n ga n d m a n a g i n gs a f e t y - f i r s t c u l t u r e L e a r n m o r e

a t i r e p o r t s o u r c e . c o m

infographic brought to you by

Thanks to all the sources used during in this infographic:

1. https://www.nsc.org/Portals/0/Documents/MembershipDocuments/JSE-Invest.pdf2. https://business.libertymutualgroup.com/business-insurance/Documents/Services/DS200.pdf3. https://www.osha.gov/dcsp/products/topics/businesscase/costs.html4. https://www.safetyandhealthmagazine.com/articles/10414-the-roi-of-safety?page=25. https://ohsonline.com/articles/2013/09/01/the-roi-of-safety.aspx?m=1

https://ireportsource.com/