Articles
Blending Profits and Safety into Contractor Screening
by Catherine Gutierrez The quality of the Busines ProductsSince 1992, the cost of occupational injuries and illnesses has risen by more than $33 billion [1].
Sadly, that equates to an annual national price tag of $250 billion, according to a recently released study funded by the National Institute for Occupational Safety and Health (NIOSH)[2].
Let’s put that into perspective. As a nation, we spend more money on preventable illnesses and injuries than we do on cancer, diabetes or strokes – and by a large amount.
According to OSHA, the average company spends as 5 percent of their total costson occupational injuries and illnesses comprises.
What does that do to your bottom line? It steadily chips away atthe net profit.
Perhaps the most difficult piece to swallow; however, is the preventable nature of these injuries and illnesses. With a little more effort, we could not only improve profits, we’dbe saving lives as well.
The reality is that contractor screening goes a long way in preventing workplace injuries. Essential to managing risk, contractor screening is also helpful toreducing incident ratings. The process “weeds” out workers who are not qualifiedby reviewing everything from health, safety information to insurance and training programs.
As part of the contractor screening process, this data is then documented and used tosee how the supplier compares with industry averages.A Safety Professional can thensift throughthe supplier’s past work history and days spent away from work – to determine deficiencies.This prevents poorly performing workersfromgoing on-siteat your facilityand reduces the number ofincidents overall.
The payback doesn’t stop there. Contractor screening does more than prevent incidents, it also makes great business sense. Through its ability to reduce injuries and their associated costs, contractor screening can save a substantial amount of money each year. Employers who maintain safe work environments enjoy lower insurance premiums and a Return on Investment ratio of 3:1 [3].
Meanwhile, the supplier also benefits. Those who go through contractor screening, emerge with valuable feedback and a renewed commitment to their safety – and yours as well.
Clearly, with itsstaggering $250 billion spent on occupational incidents, the U.S. is in a safety deficit.
Yet, you can avoid that economic stress by choosing a more proactive approach.Keep workers safe by diligently creating a contractor screening program. Identify your best suppliers and establish lasting relationships with those who display safe behavior and a strong work ethic.
As you focus on contractor screening, you reap thebenefits in profits and safety. Safer suppliers not only save resources, theysave lives as well. Third party firms can also help select the best contractor screening programfor your supply chain.Decide tosend workers home injury-free, every day.More information www.picsauditing.com
References:
[1][2] Source: “Increasing Safety Efforts Key to Lower Occupational Injury Costs.” Article accessed 25/6/2013. http://www.deseretnews.com/article/765632680/Increasing-safety-efforts-key-to-lower-occupational-injury-costs.html?pg=all
[3] Source: “Return on Investment.” Article accessed 25/6/2013. ASSE.org. http://www.asse.org/professionalaffairs-new/bosc/ROI.php
[4] Source: “Overcoming ‘On the Job’ Accidents.” Article accessed 25/6/2013. http://www.picsauditing.com/2013/02/overcoming-on-the-job-accidents/
Sadly, that equates to an annual national price tag of $250 billion, according to a recently released study funded by the National Institute for Occupational Safety and Health (NIOSH)[2].
Let’s put that into perspective. As a nation, we spend more money on preventable illnesses and injuries than we do on cancer, diabetes or strokes – and by a large amount.
According to OSHA, the average company spends as 5 percent of their total costson occupational injuries and illnesses comprises.
What does that do to your bottom line? It steadily chips away atthe net profit.
Perhaps the most difficult piece to swallow; however, is the preventable nature of these injuries and illnesses. With a little more effort, we could not only improve profits, we’dbe saving lives as well.
The reality is that contractor screening goes a long way in preventing workplace injuries. Essential to managing risk, contractor screening is also helpful toreducing incident ratings. The process “weeds” out workers who are not qualifiedby reviewing everything from health, safety information to insurance and training programs.
As part of the contractor screening process, this data is then documented and used tosee how the supplier compares with industry averages.A Safety Professional can thensift throughthe supplier’s past work history and days spent away from work – to determine deficiencies.This prevents poorly performing workersfromgoing on-siteat your facilityand reduces the number ofincidents overall.
The payback doesn’t stop there. Contractor screening does more than prevent incidents, it also makes great business sense. Through its ability to reduce injuries and their associated costs, contractor screening can save a substantial amount of money each year. Employers who maintain safe work environments enjoy lower insurance premiums and a Return on Investment ratio of 3:1 [3].
Meanwhile, the supplier also benefits. Those who go through contractor screening, emerge with valuable feedback and a renewed commitment to their safety – and yours as well.
Clearly, with itsstaggering $250 billion spent on occupational incidents, the U.S. is in a safety deficit.
Yet, you can avoid that economic stress by choosing a more proactive approach.Keep workers safe by diligently creating a contractor screening program. Identify your best suppliers and establish lasting relationships with those who display safe behavior and a strong work ethic.
As you focus on contractor screening, you reap thebenefits in profits and safety. Safer suppliers not only save resources, theysave lives as well. Third party firms can also help select the best contractor screening programfor your supply chain.Decide tosend workers home injury-free, every day.More information www.picsauditing.com
References:
[1][2] Source: “Increasing Safety Efforts Key to Lower Occupational Injury Costs.” Article accessed 25/6/2013. http://www.deseretnews.com/article/765632680/Increasing-safety-efforts-key-to-lower-occupational-injury-costs.html?pg=all
[3] Source: “Return on Investment.” Article accessed 25/6/2013. ASSE.org. http://www.asse.org/professionalaffairs-new/bosc/ROI.php
[4] Source: “Overcoming ‘On the Job’ Accidents.” Article accessed 25/6/2013. http://www.picsauditing.com/2013/02/overcoming-on-the-job-accidents/
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About Catherine Gutierrez 
The quality of the Busines Products
1 connections, 0 recommendations, 13 honor points.Joined APSense since, July 6th, 2013, From Irvine, United States.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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