Maintaining your company’s profit margin can oftentimes be complicated. However, removing obstacles to employee productivity helps lower workers' comp costs, increases productivity, and profits, thus making your work place a safe and efficient environment.
Spending money to make your workflow more efficient and safe for your employees pays the company back in dividends, saves money on injury claims and workers’ compensation costs in general, and raises productivity. The main goal in any business is to maximize profits while lowering operating costs. Therefore, when your workforce experiences high injury rates, or reduced productivity, it is wise to thoroughly examine your company's workflow, and eliminate issues causing both injury and limiting productivity.
Identifying and correcting areas within your business with productivity and safety concerns helps make your employees’ jobs easier and safer. Companies engaged in high volume production make the workflow as ergonomic as possible by restructuring workflow or assembly lines, upgrading equipment, and reducing steps in product handling and transition. This not only benefit company production schedules and quotas, but also employees are naturally encouraged with the new ease of operation and become more efficient at doing their specific jobs.
Part of correcting productivity and safety issues includes employee safety and specific job task guidelines and training. Highly visible warning and safety signs must be posted in all parts of the workplace to help reinforce best practices and requirements. The employee break or lunch room and by the time clock are great places to post safety information. Also, post reminders to always wear and use all required company safety equipment, such as eye and ear protection.
OSHA and State regulations require the posting of workers' comp information for reporting accidents and making claims in common areas where this information can be accessed and read, and it is a good idea to place company safety rules, guidelines, and procedures next to them. Not only do employers satisfy state and federal regulations but it helps reinforce the company position on workforce safety requirements.
Implement monthly training and safety meetings to help reinforce these safety standards, to review safety and accident event procedures, and current employee issues. On-going training helps new employees remember company safety requirements, as well as helping existing employees become more safety conscience while making safety meetings accessible to employee concerns. (workersxzcompxzkit)
Accountability is also important in both safety awareness and productivity. Company administration should be firm on safety procedure violations and how disciplinary actions apply to employees. Employees with prior histories of injury, or who may disregard safety guidelines and procedures are potential threats to company safety and productivity, and as distasteful as it may be, failure to impose disciplinary sanctions on willful or constant misconduct places other employees, and the company in danger.
These seemingly simple steps have proven, over time, to reduce the cost of workers’ compensation (20% to 50%), increase profits, and keep employees happy and productive workers.
Author Rebecca Shafer, J.D. risk managment consultant, has worked successfully for 20 years with many industries to reduce Workers' Compensation costs, including airlines, health care, manufacturing, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. He can be contacted at: Robert_Elliott@ReduceYourWorkersComp.com or 860-553-6604.
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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers' comp issues.
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