Workplace Safety ? The Economist's Point Of View | Man and Van ...
Over the past year, there have been more than forty million workers in the United States who sought emergency medical assistance due to, or in conjunction with workplace-related injuries. Almost everybody seems to be more concerned than ever with safety in the workplace, yet these untoward events keep on happening at an alarming rate. In the 21st century, several companies have been found liable for worker injuries suffered in the line of duty. In this writer/economist?s point of view, there is indeed some congruence between maintaining workplace safety and remaining solvent.
Companies in general are caught up in achieving synergy, and for those involved in the industrial sector, synergy is predicated on constant and consistent improvement in products and best practices. They conclude that there is indeed a correlation between best practices in making good product and realizing a healthy profit margin. Unfortunately, too many companies get caught up in drive for higher profits and tend to allow workplace safety to become an afterthought.
The costs associated with operating a large manufacturing facility in America are astounding. Workplace injuries do not only burden companies with expenses and reduce productivity, they can sometimes lead to calumny and a tarnished reputation. These injuries can be reduced with proper planning and careful attention to detail. You can usually prevent workplace injury from occurring. One of the best ways to avoid catastrophe and chaos in the workplace is to keep the workplace clean and safe. Workers, too, have a responsibility in keeping themselves safe from harm.
Moreover, workplace injuries put a great deal of the onus on insurance providers and health care facilities. This often forces the aforementioned health care facilities and insurance companies to recoup expenses by increasing the cost of their services, because companies are constantly paying high premiums to ensure the validity of their workers? health care plans. Everybody loses in such a situation ? consumers are encumbered by additional expense on their part, while companies deal with workplace injuries by figuratively turning the other cheek. As such, safety and well-being of workers is conveniently ignored, while the only ones who walk out fat, contented and happy from the the whole brouhaha are the shareholders.
It is interesting to note that there are record numbers of jobs, especially in the industrial sector, being sent overseas. This phenomenon continues to occur due to several factors worth mentioning. Most significantly, American companies can tremendously cut costs, particularly operational costs, if they outsource their labor to foreign countries instead of hiring within the continental United States. Foreign governments do not just jump when these American businesses ask them to ?jump? on the trend of outsourcing, they even ask ?how high?? Far too often, this comes at the expense of workplace safety.
If companies want to ensure that they remain solvent and in good pecuniary health, they should make it a point to ensure their workers remain safe and healthy. With many overseas countries rather lax in terms of workplace safety and able to provide inexpensive labor, so many companies have resorted to outsourcing. However, this is often unnecessary as profit and safety can work hand-in-hand. Through directed education campaigns and preemptive planning, workplace injuries can be reduced in a significant way. To paraphrase the old and oft-quoted advertisement, contented cows do not just give better milk, contented AND safe cows give the best milk possible.
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Source: http://www.123manandvan.com/movingblog/business/workplace-safety-the-economists-point-of-view/
posted by johnbrusly @ 12:06 PM
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