Almost every business owner recognizes the importance of a strong safety profile. That said, safety can get expensive. Maintaining the highest standards can put a burden on short–term resources, often making it difficult for small businesses to reach the peak levels of compliance.
At that point, it becomes a matter of priorities. Adding up the time and expense necessary to implement all your necessary safety procedures, you might be faced with a single, crucial question: how much does safety matter for your small business?
The short answer: a lot. There are numerous reasons why your company benefits from maintaining gold-standard levels of safety.
Here are a few to keep in mind:
Keep People Safe
Of course, you’re running a business. By definition, you spend most of your days thinking in terms of profit and loss, dollars and cents. But it’s important to remember that there are other responsibilities at stake as well. This is especially true when it comes to safety. Proper safety protocols can literally save lives. Making this a priority prevents the life–shattering consequences of accidents.
Reduce Lost Working Days
Accidents lead to lower output. In a typical year, more than 100 million workdays will be lost in the U.S. as a result of work-related injuries. And now, with the COVID aftermath, the spread of the disease has also become part of the mainstream safety conversation.
Larger companies are better able to absorb absent workers than smaller ones. A manufacturing behemoth can shuffle workers around without suffering a significant drop in output. On the other hand, a mom–and–pop operation is less likely to have that additional capacity or flexibility. As a small business, you need to keep your workers at work in order to reach your goals. A comprehensive safety program lowers the amount of lost productivity you suffer from absent workers.
Avoid Legal/Regulatory Problems
Accidents have a ripple effect. Along with the personal tragedy for the individual workers involved, there’s often a major financial fallout as well. An inadequate safety process can open the door to significant legal problems if an incident occurs.
Even if you’re lucky enough to avoid a major event, you could still suffer financially. A lax set of safety protocols can spark regulatory intervention. You can face fines, costly upgrades, or even a complete shut–down.
Again, larger companies are better able to absorb these risks. A single incident can easily put a small business out of commission. Better to keep your safety program up to industry standards and avoid the issues.
Higher Long-Term Productivity
Improved safety doesn’t just lower your risk of major catastrophic events. It also helps your business in small, day-to-day ways. Maintaining a safe workplace can boost productivity.
When employees are confident in the safety profile of their employer, they can work with more confidence. This allows them to stay productive. This added efficiency is important for keeping your edge as a small business. You need every bit of competitive advantage you can get. Staying safe means keeping up with the competition.
Safety should represent a top priority at any firm, no matter how big. That focus starts with the right employees. A strong staffing agency, like DHR, can find the qualified, conscientious workers you need to maximize both safety and productivity.
Contact DHR today to learn more.