Can You Get a Financial ROI from Safety?

30/08/2024 58 min Episodio 182
Can You Get a Financial ROI from Safety?

Listen "Can You Get a Financial ROI from Safety?"

Episode Synopsis

Is safety just a cost centre, or can it actually drive your bottom line?   Join Christian in this Safety Roundtable session as he discusses and explores the question: Can you get a financial return on investment from safety? Hear from safety professionals around the world as they share their insights, experiences, and strategies for demonstrating the tangible benefits of a strong safety culture.   Highlights:   - The overwhelming answer: While not every safety initiative guarantees an immediate ROI, the consensus is a resounding "yes!" - Data is crucial: Demonstrating the cost of accidents and near misses helps make the case for investment. - Beyond the obvious: Explore a range of tangible benefits beyond accident prevention, including improved employee morale, productivity, retention, reputation, and insurance premiums. - Engage your frontline: Tap into the expertise of your workers to identify risks and develop solutions for a more effective and collaborative approach. - Think long-term: Focus on building a safety culture that drives positive change for both your organisation and your employees.   Quotes:   "The number one reason for the improvement [in absenteeism rate], they believe, is because of health and safety improvements." – Mike   "If you don't link your performance and health and safety performance to numbers, you will lose important stakeholders, especially the finance team versus the leadership team." – Jones   Actions:   - Sign up for a future Safety Roundtable: https://safetyroundtable.co.uk/ - Connect with Christian on LinkedIn: https://www.linkedin.com/in/christian-harris-slip-safety/  

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