Research shows good ROI for OHS

According to the abstract of a recent piece of research from Canada:

“Financial benefits combined estimates of the tangible financial benefits arising from averted disabling work-related injury and illness and intangible financial benefits associated with improved employee retention and morale, improved production quality and strengthened corporate reputation. Applying these plausible assumptions, the average return on OHS expenditures was 1.24 for 289 manufacturing employers, 2.14 for 56 transportation employers and 1.34 for 88 construction employers.”

One can froth up about the Return on Investment (ROI) figures, which are notable, but of interest was the mix of tangible and intangible factors in the equation.

Login or subscribe to SafetyAtWorkBlog to continue reading.
Concatenate Web Development
© Designed and developed by Concatenate Aust Pty Ltd