OSHA COMPLIANCE CAN BOOST PRODUCTIVITY & PROFITABILITY
Compliance has become a dreaded buzzword for business owners, for everything from the Affordable Care Act (ACA) to recordkeeping requirements. However, achieving and maintaining compliance with workers’ compensation regulations and the Occupational Safety and Health Administration (OSHA) can help you keep employees safe and even boost your bottom line.
Having a safe workplace should be a basic expectation for any employee, as well as a fundamental obligation for all employers. To this end, OSHA established specific standards to be enforced for all types of businesses, to ensure the safety of workers and give them recourse in the event of a safety or health hazard in the workplace.
The costs of non-compliance
Every year, business owners pay millions of dollars in fines and penalties for non-compliance. Worse, according to OSHA, every year workplace injuries, illness and deaths cost our nation $170 billion. When employees are concerned about poor working conditions or possible injury, morale suffers and discontent grows.
Keeping your employees safe and managing your company’s overall risks should be the goal of any good employer, and it also can have great financial advantages, from increased productivity to reduced financial expenditures. It’s a chain reaction: having fewer injuries results in filing fewer workers’ comp claims, which results in a lower workers’ compensation modifier for the employer, and more money in the business owner’s pocket.
Concerned about compliance? There are many resources available through www.osha.gov for employers, from video tutorials to explanations of OSHA standards .
A better option is working with a Professional Employer Organization (PEO), which has a team of risk management and loss control experts who can help you achieve compliance and measure success in several ways:
Compliance matters, both to your employees’ safety and your company’s bottom line.