Involvement Impacts Investments In Accident Prevention

There are many different ways you can invest in decreasing accidents in the workplace. If you are not investing in employee involvement, you are doing yourself a great disservice. This is one of the most cost-effective and efficient ways to improve safety in the workplace.

Why You Need To Prioritise Involvement

If you want to make a real impact on your organisation’s safety culture there need to be appropriate investments made into the prevention of workplace accidents. It is not enough to simply set a goal of eliminating accidents and injuries completely. When treated as a goal, having zero accidents can easily become just another KPI. For example, you may consider it a success when you have fewer accidents this year compared to last year. This is not the case. All your employees should be able to go home safely every single day of the year. 

In addition, accident prevention is an ongoing process. Once you see results, your investments in prevention should not end there. You should always work towards creating a workplace with zero accidents and injuries. This means you should always be tracking your workplace safety and continuously work on improving your safety mechanisms, practices and procedures. 

But how do you know how much to invest and which methods to use? There are, after all, many different ways you can prevent workplace accidents and improve your occupational safety.  While it is essential to use lots of different methods, one of the most effective ones is to invest in your employees' involvement.

 

How Employee Involvement Impacts Investments In Prevention

From the management perspective, you will have a limited budget for the prevention of workplace accidents. However, if you don't invest in preventing workplace accidents, more accidents will occur. This, in turn, means more costs. For example, costs associated with the lost workday, new hires, decreased productivity and low morale. 

On the other hand, if you invest too much in the prevention of workplace accidents, your investment will fall victim to the law of diminishing returns. With each additional Euro invested, your payback will get smaller and smaller.

Graph 1

Economically, the optimal level of costs can often be found from where the cost curves of prevention investments and accident losses cross.

Graph 2

So, to ensure you make the most out of your prevention investments, make sure you’re investing in employee involvement. Employee involvement is an investment in making sure your investments in prevention actually get executed well. Thus, investment in involvement moves the cost curve of accident losses down thereby reducing the total costs as well.

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Final thoughts

An investment in employee involvement in workplace safety is one of the most effective ways you can decrease the number of workplace accidents and your total costs. It is unique in that it is an investment in all your other safety investments. It does not simply move you to a lower point on your cost of accident losses curve but moves the entire curve down. If you haven't yet invested in employee involvement, now is the time.

 

If you're looking for a platform to collect more data in safety and have better employee involvement, we've got you covered. Falcony is easy-to-use, boosts two-way communication, has customisable workflows, automated analytics, vast integration possibilities and more. Start your 30-day trial or contact us for more information.

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We are building the world's first operational involvement platform. Our mission is to make the process of finding, sharing, fixing and learning from issues and observations as easy as thinking about them and as rewarding as being remembered for them.‍

By doing this, we are making work more meaningful for all parties involved.

More information at falcony.io.

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