Financial
executives who were surveyed by the Liberty Mutual Research Institute for
Safety said that the top benefits of a workplace safety program were predominately
financial in nature. While we might
argue that the life and health and overall well-bring of your employees is the
top benefit, certainly the top business benefit would be the cost savings that
can be generated.
The study
went on to show that:
“For every
$1 spent on safety awards, there was a savings of $3,
Or a 3:1
ROI”
Many safety
professionals believe that a properly designed and implemented safety incentive
system that reinforces positive safety behaviors can be instrumental in reducing
the incidents of injuries and accidents.
Billions are
spent on safety training and communications and that combination can be very
effective. Training and communication
create the awareness and learning necessary to perform in a safe manner. It makes good economic sense to invest a
fraction of the communications and training expense in awards that will provide
the motivation to complete the behavioral loop.
Click here
for an overview of an awards program that drives an increase in the number of
safe behaviors of all employees and then turns the behaviors into habits.
For more
information on AwardSafety products or services or other white papers please
contact us at awardsafetyinfo@cox.net.
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