Workplace Safety and Economics

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It is estimated that over 40 million workers within the us had to receive emergency medical treatment for workplace-related injuries within the year 2003. this is often a staggering number when one considers the efforts most companies have put into maintaining a secure workplace. In times variety of companies are found responsible for injuries sustained in their places of business. there’s a relationship that exists between workplace safety and profitability.

Every company, especially those involved in industrial manufacturing, is consistently watching ways to continuously improve their products and processes. They realize that their profits are directly associated with the ways and means by which they produce their products. Unfortunately, too many companies get trapped in drive for higher profits and have a tendency to permit workplace safety to become an afterthought.

The costs related to operating an outsized manufacturing facility in America are astounding. Workplace injuries place a huge burden of expense and weakened productivity on a corporation . These injuries are often reduced with proper planning and careful attention to detail. Most workplace injuries are preventable. There are variety of things to think about , but maintaining a secure and tidy work area is one among the simplest ways to stop injury. Workers, too, have a responsibility keep themselves safe from harm.

Workplace injuries place a big burden on health care providers and insurance companies. As companies still pay higher premiums for employee health care, one among the sole means available for cost recovery is to extend the costs of the products they produce. This places the burden of expense on the buyer , and allows companies to ignore the basis explanation for their workplace injuries. the main target here seems to get on maintaining a healthy relationship with shareholders, and not necessarily on maintaining a healthy workforce.

It is interesting to notice that there are record numbers of jobs, especially within the industrial sector, being sent overseas. There are variety of reasons to account for this. one among the foremost significant reasons is that American companies are ready to shave their operating costs right down to a fraction of their domestic costs, by capitalizing on cheaper labor in foreign markets. Foreign governments, looking forward to investment, are only too willing to accommodate the interests of massive western business. Far too often, this comes at the expense of workplace safety.

If companies want to be profitable within the future they have to reexamine their approach to workplace safety and therefore the health of their workers. Many companies are sending jobs overseas, so as to require advantage of cheap labor and relaxed labor laws. American companies are often both profitable and safety conscious. Through directed education campaigns and preemptive planning, workplace injuries are often reduced during a significant way. Remember: a secure worker may be a happy worker, and a cheerful worker may be a productive worker.

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