4 ways how your company can gain a competitive advantage through health and safety
Managing the health and safety of an organisation is about protecting workers. Having a robust health and safety system will not only ensure workers value the business but will also build trust in your reputation and brand, giving the organisation a more competitive advantage.
We’ve decided to list four of the best benefits you can achieve through an investment in safety and health.
1) Retain and gain more workers!
A safe and valued workforce could have a positive influence on job retention and growth opportunities. Workers who feel safe at work may be more inclined to stay within that organisation, knowing they are looked after. This could also have external benefits too. Organisations who have a reputation for being safe could appeal to job hunters and therefore encourage more candidates for roles, giving an organisation a much wider choice when recruiting and being able to get the right people for the job!
2) More money to invest!
Having a good health and safety risk management system in place will reduce the number of work-related injuries and disease. Reducing the amount of money spent on claims, compensation, and a more expensive insurance premium-, meaning more money to invest in the organisation and their workers.
3) Protect the organisation!
In some countries it is a legal requirement and organisations are legally obliged to comply with the law. They not only face hefty fines but can also be prosecuted and imprisoned. By ensuring the organisation is following the law will strengthen the organisations reputation and culture.
4) A more efficient business!
Encouraging a healthy and safe work culture can boost productivity across the whole business, allowing the organisation to be more efficient. Having a business with a positive safety record can demonstrate the organisations values the business and the workers.
How to build a competitive advantage through health and safety
Organisations need to ensure workers understand their health and safety responsibilities when it comes to health and safety and keep this knowledge up to date. IOSH have a range of free resources and training courses available to access online.
If you’re a business looking to use health and safety as a competitive advantage, we’ve created a list of five things you can do to improve health and safety in your workforce.
If you’re looking for a bespoke method, then contact our corporate team.
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