The business of prevention
Every business depends on the health and safety of its workers to operate. While the “social” imperative of employee safety and the sustainability of our workforce is well understood, there is also an economic one that businesses must consider. Workers’ compensation claims and associated direct and indirect costs related to on-the-job injuries can make a huge dent in the finances of an organization. Effectively managing such risks requires a comprehensive safety effort that focuses safety resources on key issues and areas associated with the greatest risk of accidents and/or injuries.
Deloitte’s new article, “Safety Analytics™: The business of prevention,” discusses how the powerful statistical methods used in Safety Analytics can help organizations understand the drivers of workplace accidents at a level of detail previously impossible to determine. Companies can then use these insights to more effectively address workplace safety in terms of both injury prevention and injury management. The thoughtful application of Safety Analytics may help an organization in its efforts to advance its safety and loss prevention processes and/or programs, which can drive down costs and improve enterprise sustainability through enhanced workplace practices.
To read more, download the full article below.