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How to minimises damage & increase monthly profit?
A long-term commitment to addressing all facets of work risk is critical. A comprehensive plan must include physical workspace adjustment, changes in worker motivation and attitude and management strategies to reduce claims and contain costs.
One of the biggest issues facing employers today is the safety of their employees. Workplace accidents are increasingly common. In2003, for instance, the Bureau of Labor Statistics (BLS) reported a total of4.4 million nonfatal workplace injuries in private industries. Organizations have a moral responsibility to ensure the safety and well-being of their members. Organizational practices that promote safety can also help a company establish competitive advantage by reducing costs and complying with safety laws.
Workplace safety can be quite expensive. Unintentional injuries alone cost more than $146.6 billion per year for medical and insurance costs, workers' compensation, survivor benefits, lost wages, damaged equipment and materials, production delays, other workers' time losses, selection and training costs for replacement workers, and accident reporting.
Having protocols with safety guidelines definitely decrease the incidence of damages in terms of materials and workers. Having someone on site for management reasons to make sure protocols are met keeps a standard in the work environment.
Increasing monthly profit comes from productivity. Incentives and recognition can go a long way.
Careful to utilize things/ manpower right the way, power, consume materials, equipment's etc.
