The Correlation Between Workplace Safety And Profit Generation ...

Workplace injuries, according to studies, were responsible for the hospitalization or emergency medical treatment of over 40 million American workers. This is a staggering number when one considers the efforts most companies have put into maintaining a safe workplace. The past few years have seen a rise in the number of companies legally mandated to pay financial restitution to victims of workplace-related injuries. Workplace safety and profitability make strange bedfellows, but in business parlance they are bedfellows nonetheless.

Companies may strive these days to achieve synergy, but for those in industrial manufacturing, synergy manifests itself in Six Sigma effective products and processes. They are cognizant of the direct relation of profits to the actual procedures used in creating these products. That is why it is unfortunate on an economic standpoint and otherwise that so many companies are now neglecting workplace safety in the name of greater sales and profits.

The costs associated with operating a large manufacturing facility in America are astounding. Workplace injuries result not only in a Draconian expense on the company, but also reduced productivity. 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. It is also the workers? responsibility to steer clear from danger to avoid accidents and injury.

Workplace injuries are a very onerous occurrence for both insurance companies and health care institutions alike. As business entities pay an inordinate amount of money on health care services, the most logical recourse for many to recover lost costs would be to increase the price of certain health and safety products and services. Now as one would surmise, companies are now free to ignore what actually causes workplace injuries, as the consumer is caught with egg on his face shouldering the burden. 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. One of the most salient reasons for this phenomenon is because American-owned companies are able to significantly reduce the costs of operation to practically an iota of what it would cost back home by taking advantage of cheap labor from foreign sources. Foreign legislation is oftentimes way too eager to exploit the Brobdingnagian investment potential of outsourcing, so they let Western business tycoons ?run wild and free? and hire their local talent. At what price ? that would definitely have to be workplace safety.

In order to generate greater profit over a long term period of time, big companies need a paradigm shift in terms of workplace safety and their workers? overall health. With the number of foreign countries offering inexpensive labor and a lax labor code still numerous, American companies still outsource their jobs overseas. Nonetheless, a confluence of safety and profit is possible for American business entities. Through directed education campaigns and preemptive planning, workplace injuries can be reduced in a significant way. Remember: a safe worker is a happy worker, and a happy worker is a productive worker.

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Source: http://articlesentertainment.com/self-improvement/leadership/the-correlation-between-workplace-safety-and-profit-generation

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