Safety Signs News
IOSH highlights business benefits of health and safety
12th June 2014 | Health and Safety Signs
Posted by Jason Nicholls
The Irish branch of the Institution of Occupational Safety and Health (IOSH) held its annual conference yesterday (June 11th), and one of the topics that came up was that of how health and safety should not be seen as a drain on profits.
In Ireland, the cost to businesses of poor health and safety is an average of 1,711 euros per worker. This is due to the fines for safety failings, as well as the loss of productivity caused by an injury. Overall, this is costing the Irish economy 3.2 billion euros a year.
It may seem like a pain to purchase safety signs and perform risk assessments, but this is an investment in the future. Without these initial expenditures, companies face higher costs if an accident occurs; something that is far more likely if the correct procedures haven't been implemented.
Michelle Peate-Morgan, chair of IOSH's Ireland branch, said: "The smartest companies get professional advice on health and safety. Prevention is better than cure. IOSH membership is the hallmark of professionals with the right qualifications, experience and know-how."
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