Workplace Safety and Economics

It is estimated that over 40 million workers in theemployee health care, one of the only means
United States had to receive emergency medicalavailable for cost recovery is to increase the
treatment for workplace-related injuries in theprices of the goods they produce. This places the
year 2003. This is a staggering number when oneburden of expense on the consumer, and allows
considers the efforts most companies have putcompanies to ignore the root cause of their
into maintaining a safe workplace. In modernworkplace injuries. The focus here seems to be
times, a number of companies have been foundon maintaining a healthy relationship with
liable for injuries sustained in their places ofshareholders, and not necessarily on maintaining a
business. There is a relationship that existshealthy workforce.
between workplace safety and profitability.It is interesting to note that there are record
Every company, especially those involved innumbers of jobs, especially in the industrial sector,
industrial manufacturing, is constantly looking atbeing sent overseas. There are a number of
ways to continuously improve their products andreasons to account for this. One of the most
processes. They realize that their profits aresignificant reasons is that American companies are
directly related to the ways and means by whichable to shave their operating costs down to a
they produce their products. Unfortunately, toofraction of their domestic costs, by capitalizing on
many companies get caught up in drive for highercheaper labor in foreign markets. Foreign
profits and tend to allow workplace safety togovernments, eager for investment, are all too
become an afterthought.willing to accommodate the interests of big
The costs associated with operating a largewestern business. Far too often, this comes at
manufacturing facility in America are astounding.the expense of workplace safety.
Workplace injuries place a massive burden ofIf companies want to be profitable in the long
expense and weakened productivity on aterm, they need to reexamine their approach to
company. These injuries can be reduced withworkplace safety and the health of their workers.
proper planning and careful attention to detail.Many companies are sending jobs overseas, in
Most workplace injuries are preventable. Thereorder to take advantage of cheap labor and
are a number of factors to consider, butrelaxed labor laws. American companies can be
maintaining a safe and tidy work area is one ofboth profitable and safety conscious. Through
the best ways to prevent injury. Workers, too,directed education campaigns and preemptive
have a responsibility in keeping themselves safeplanning, workplace injuries can be reduced in a
from harm.significant way. Remember: a safe worker is a
Workplace injuries place a significant burden onhappy worker, and a happy worker is a
health care providers and insurance companies. Asproductive worker.
companies continue to pay higher premiums for