10/25/21- SHRM- TLB

The Role of Psychology in Workplace Safety

Free content from A.R. Mazzotta Employment Specialists

Employers that don’t put a premium on workplace safety can suffer both financial and reputational losses, thanks to work-related injuries or illness. In 2018 alone, work-related injuries cost companies $170.8 billion, broken down as follows: wage and productivity losses of $52.4 billion medical expenses of $35.0 billion administrative expenses of $57.6 billion employers’ uninsured costs of $12.8 billion damage to motor vehicles in work-related injuries of $4.9 billion fire losses of $8.2 billion Those figures alone ought to serve as strong enough impetus for any organization to commit to its safety goals. Safety inspections and the subsequent implementation of corrective measures are vital to meeting those objectives.

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