Best Practice Guide
Challenges to calculating safety management ROI
Safety leaders have long had to justify the cost of their programs and initiatives. They’ve run into difficulty calculating the return-on-investment of safety management when high-profile incidents don’t or rarely happen.
After all, it’s typically these kinds of safety events that generate casualties, impact the wider environment, and make the nightly news.
For now, the events themselves might seem like remote possibilities to senior leadership. When they do happen, though, safety incidents unearth underlying safety issues – issues which are highly relevant in making a business case for safety management investments.
Investigations of the events tend to reveal that:
- Employers knowingly ignored identified health and safety risks.
- Needed maintenance was deferred, often because resource costs were deemed too high.
- Business pressures superseded safety and compliance concerns.
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