Maintaining a workplace where employees feel safe is something that every company should work towards. A safe workplace is a productive one. There are a lot of positive side effects that a safe workplace will have on your business. Some of these aspects are less employee turnover, improved finances, and improved productivity. All of these will help your business become more trustworthy and successful.
Less Employee Turnover
Employees appreciate their supervisors, bosses, and leaders caring about their safety and putting effort into maintaining a safe workplace. It shows their employer cares about their well-being and values them and the work that they do. This will build employee loyalty. People want to work for companies that care about them. If they don’t feel safe they will not stick around long. Employees who have reason to be loyal to their employer, are more likely to stay in the organization longer. This will result in less employee turnover. In addition, a company that has a reputation of emphasizing safety will also have a better chance of recruiting top talents. This will help keep the company thriving, improve KPIs, and create a better office culture.
Safety Improves Finances
Having safety as a priority will lower workplace injuries and reduce time off, medical expenses, and paid leaves. As a result of this is the company will be saving a lot of time and money. The Liberty Mutual Workplace Safety Index reported that every $1 a company invests in workplace safety results in a $4 return on investment. The federal Occupational Safety and Health Act (OSHA) has a specific set of guidelines that all employees are required to follow and can prevent serious legal and financial losses.
Workers who feel safe on the job are more likely to work harder and be more productive at work. Workers who have been injured on the job are more likely to be hesitant since they may have work-related anxiety. By getting rid of any environmental hazards you will be enabling employees to stay invested in their work. It is great for businesses to properly educate their employees on safety and provide the safest environment possible.