Proactive health and safety means bigger profits
Manufacturers adopting a proactive stance on health and safety management tend to be more profitable and have lower accident rates.
That’s chief among findings of research at Loughborough University, commissioned by IOSH (the Institution of Occupational Safety and Health).
Companies that manage health and safety proactively report a 25% higher profit margin than those that do not. They also have on average 50% fewer accident and days lost.
Professor Cheryl Haslam, who led the research team, says: “Companies that take a positive approach to health and safety, rather than merely complying with the law, are more likely to be profitable and safer. We also found that people working in more proactive organisations were more committed and satisfied with their job, which in turn was linked to better wellbeing.”
Prof Haslam and her team looked at 31 organisations from a range of industry sectors. They interviewed 78 senior managers and board members and surveyed 2,067 staff members.
