The Hidden Barrier to Safer Workplaces: Financial Literacy in OHS

Australia’s occupational health and safety (OHS) has improved over the decades. Yet, preventable injuries and fatalities persist—over 180 quad bike deaths since 2011, for example, with rollovers leading the charge. We have regulations, campaigns, and a national body in Safe Work Australia, but something’s still missing. Why aren’t workplace redesign efforts—like fitting rollbars on quads or rethinking production systems—more widespread? The answer might lie in a hidden barrier: the WHS profession’s shaky grasp of financial literacy, compounded by the stranglehold of financial underwriting models and capital market expectations. Maybe it’s time we admit that the safety game isn’t just about risk assessments—it’s about money, and we’re not playing it well enough.

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Piss or get off the pot, but take care

I am a big fan of diagnosis as a tool for obtaining evidence from which decisions about occupational health and safety (OHS) can be made. However, increased attention on the inclusion of mental health management in OHS exposes us to the same minefield that is currently surrounding the (over?) diagnosis of autism, Attention Deficit Hyperactivity Disorder (ADHD) and neurodivergence. Recently, the New Statesmen provided a useful analysis of the issue in a review of several new books.

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Some jobs continue to be bullshit ones

The concept of Bullshit Jobs persists. In the Oxford University Press BRAIN, neurologist Masud Husain applies the idea to universities and intellectuals. As I qualify as neither, I read the article seeking insight into the concept’s progress and application to occupational health and safety (OHS). I found connections to burnout, stress and Safe Work Method Statements.

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Why workplace Psychosocial Regulations will fail

Australia has learned much from its consideration of psychosocial factors that can generate psychological harm in workers over the last decade. By the end of 2025, all Australian jurisdictions will likely have re-emphasised the psychological elements of employers’ and workers’ occupational health and safety (OHS) duties. However, the legislative changes are likely to fail to improve workers’ mental health because at least one of those psychosocial factors is too confronting and uncomfortable to employers.

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Authentic selves, culture and racism

Culture has perhaps become the dominant theme in modern occupational health and safety (OHS). Possibly more dominant than Leadership. Culture remains an amorphous concept that is an inclusive adjective but also unhelpful.

Several recent events started making connections in my OHS brain that I am still working through:

  • Online racist statements by two Australian nurses
  • A Harvard Business Review Special Issue called “The Secrets of Great Culture” and
  • An article by Professor Lena Wang and others on the separation of work and life.
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The economics of OHS and the need to think upstream

Michael Belzer and Michael Quinlan have outlined the economics of occupational health and safety (OHS) in the editorial of the latest edition of The Economic and Labour Relations Review. This contrasts with earlier research about the business case for OHS as it broadens the pool of influences more broadly. They write:

“The economic approaches to OHS in the papers in this issue identify externalities and suggest that incomplete market analysis has created an inappropriate permission to ignore uncompensated costs in labour, product, and service markets; these incomplete markets lead to greater social risk as well as inefficiency. More integrated understandings of OHS are challenging but research performed without them leads to narrow and partial understandings.” (page 483)

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Shortcomings of the legal perspective on work health and safety

The most common question occupational health and safety (OHS) consultants receive from clients is, “Do I comply with the law?” This request is telling because the client starts from a legal rather than a safety base. This is not surprising, as OHS commentary is dominated by lawyers whose focus is on minimizing their clients’ exposure to prosecution.

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