Although more difficult to quantify than other investments, a SHEQ management system has its critical benefits and should not be overlooked as an investment in any organisation. Here are three good reasons to invest in a SHEQ management system.
1. Streamline financial and legal costs
The negative financial implications of poor health and safety management systems in organisations worldwide is a critical concern. Escalating costs include safety incidents, work-related health and injury claims, insurance premiums, machinery and equipment damage.
Worse, poor health and safety management can have a strong impact on employee morale, leading to higher absenteeism and staff turnover. This means additional employment and recruitment costs for the company.
On the management side, the impact can be devastating, depending on the directors’ liability in health and safety cases, with legal consequences including custodial sentences, harsh fines and penalties, and even prison time.
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.
2. Protect brand reputation and safety culture
Aside from the financial and legal aspects of health and safety management, there are also implications for a company’s brand and reputation in the market. Building and maintaining a positive safety culture requires continuous attention and investments in SHEQ processes.
Implementing a health and safety management process results in better people engagement, communication and morale, and contributes to a safe and healthy company culture. It is also likely to have a positive impact on business performance and growth.
3. Improve business productivity and performance
Investment in health and safety management software can improve workplace productivity by reducing the high administrative burden, emotional stress and lost working days often due to workplace absenteeism, illness and injury.
Companies can significantly optimise SHEQ management via a capable integrated system that automates time-consuming processes and activities such as re-entering data records, updating documents or searching for relevant information. Clear, reliable and accurate records can further cut down time with data and document management activities.
Finally, health and safety professionals, senior managers, directors and employees can move their focus from managing workplace health and safety incidents and investigations to optimising daily operations for scalability, ROI and profitability.
In conclusion, an effective SHEQ system can identify and minimise potentially devastating health, safety, quality and environmental risks facing business and also address their financial, legal, reputational and cultural impact on the organisation.
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, to manage analysis and reporting effectively.
SHEQX suite of modules assists in driving compliance with international standards and guidelines, e.g. ISO 9001, ISO 14001, OHSAS 18001 and more.