The leaders of the Institute of Occupational Safety and Health
(IOSH) have indicted that the effective use of health and safety policies can mean that businesses can save millions of pounds a year.
The organisation has revealed failures in workplace cost the British economy a massive £22 billion every year. This highlights how important it is for companies to take health and safety obligations seriously. Lots of businesses try to cut around the 'red tape' which ensures that businesses comply with health and safety legislations. However, it has been proven that it is, in fact, in the businesses best interests to comply with all health and safety legislations.
Research by the IOSH organisation has meant that businesses across the UK are being urged to keep up with health and safety legislations. The organisation have also advised that by keeping within legislation, they can help their businesses to become more efficient and profitable. It is important for businesses to fully support their health and safety needs as not only can it cut costs but also save lives.
The economic downturn has put a lot of pressure on companies meaning they have to do a lot more in order to become or remain profitable. This is what has led to a number of corners being cut by organisations as they have tried to retain profits. However, as IOSH explains and many businesses already know, we cannot afford to put health and safety on the back-burner.
One factor which can help businesses save money in the long run is completing regular risk assessments thoroughly. By doing this, businesses can assess any risks and ensure, where possible they are put right before it's too late. According to IOSH, effective health and safety can deliver cost savings throughout the year and help a business to grow.
It is also important for all managers and staff to keep up to date with any new regulations or legislation alterations made by the Government. This month, new laws have been introduced to protect healthcare workers who use needles and sharp instruments at work. The Health and Safety Executive has also launched a consultation to revise the Approved Codes of Practice.
There are many different legislations relating to workplace health and safety, all of which are subject to change over the years. The IOSH courses are designed to keep you up to date with legislations and ensure that you are saving money in tough economic times.