Safety professionals whose employers are reluctant to invest in occupational safety may face an additional challenge when building their case: multifaceted math.
Although calculating a return on investment in safety lacks a universal formula, many experts agree that the exercise is worth the effort to support an investment that yields positive results.
“When improving safety for the merit of just having a safer workplace is not enough, it’s often a very powerful argument with leadership to help explain the cost of safety by showing the economic benefits of safety,” said Ken Kolosh, manager of statistics at the National Safety Council.
Read the article at Safety+Health.
The post The ROI of Safety: What to Consider When Analyzing the Economic Benefits of Safety appeared first on Fleet Management Weekly.
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