Saturday 2 February 2013

Investment in workplace safety boost economic performance, ISSA study confirms

by Mike Rich in: Accidents & Fatalities,Canada,Construction,General Industry,Health and Safety Executive (HSE),Mine Safety Health Administration (MSHA),OSHA


Investment in workplace safety and health has a direct and measurable cost-benefit potential, according to a recently released study by the International Social Security Association (ISSA).
The study on the economic costs and benefits of prevention investments, coordinated by the ISSA, compared data on interventions and analysed practices in 300 companies in 15 countries.
The results of the study indicate companies witness more than a two and a half time return on the implementation of safety training.
“Promoting safety and health at work not only saves lives, but also makes sound economic sense,” stated Hans-Horst Konkolewsky, ISSA Secretary General. “The study demonstrates that prevention measures are a key contribution not only to the health and well-being of the workforce, but also to the economic performance of the enterprise and the sustainability of social security schemes.”

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