How Health and Safety Compliance Improves ROI
Investing in health and safety strategies improve the company’s bottom line, impacts positively on employee productivity and corporate image, although these benefits are not always easy to quantify.
Having a health and safety plan in place for employees also benefits management. The American Society of Safety Engineers (ASSE) has found that there is a direct positive correlation between investment in OSH and subsequent return on investment (ROI). It means that making significant investments in the best health and safety business practices pays off in the long-term.
While safety and health strategies may differ across industries, the advantages of implementing a SHEQ management system and develop a proper safety plan stay the same, from savings and reduced costs with incidents and safety failures to an increase in employee productivity and stakeholder trust, all thanks to a safe workplace.
Proper health and safety compliance ensures businesses operate responsibly. According to the law in most countries, including South Africa, the Occupational Safety and Health Act states that employers must adopt certain practices, means, methods or processes that are reasonably appropriate to protect workers while on the job.
SHEQX’s solution transforms your company’s data into rich visuals for you to collect and organise, so you can focus on what matters to you. Stay in the know, spot trends as they happen and push your business further.
Furthermore, local and global standards for safety practices and operational requirements ensure employers are providing safe and healthful workplaces. Adopting these practices is important if businesses get audited. Meeting standard requirements adds to a company’s reputation, which in turn boosts operations and impacts the bottom line.
Occupational Safety and Health (OSH) is for everyone – employers, management and employees. Managers should take OSH seriously and do right by their employees for the benefit of their businesses.
Looking for an effective safety, health, environment, and quality (SHEQ) management solution that will assist your business to drive compliance with international standards?
Our SHEQX (Safety, Health, Environment and Quality) management solution, part of the XGRC product range, is an integrated management system that aggregates SHEQ data in a single, auditable database. It manages analysis and reporting effectively, ensuring effective compliance and a robust approach to corporate sustainability.
SHEQX suite of modules assists in driving compliance with international standards and guidelines, e.g. ISO 9001, ISO 14001, OHSAS 18001 and more.