5 minutes05/09/2024
Successful companies allocate a meaningful amount of their budget towards occupational health and safety. Here are 6 good reasons why it is both worth every penny, and worth doing it now. Learn why occupational health and safety needs modern solutions that will sustainably advance your company. We summarize the reasons on this page and link you to related articles, webinars and whitepapers.
The enormous potential digitalization holds for occupational safety is often not fully realized. At the same time, the health risks of being able to work anywhere and anytime are often underestimated. By investing in the right knowledge and technologies, you can protect your employees and get your company ready to face the future.
In the future, whether and under what conditions companies can access financial markets, will increasingly depend on their ESG performance in the areas of Environment, Social and Governance. The aspect of occupational health and safety is anchored in the second ESG factor - Social - which means that a company's ESG performance is is closely linked with the work EHS professionals do.
The economic success of occupational health and safety is measurable and can be calculated using the so-called RoP (Return on Prevention). An international study concludes that the RoP factor is 2.2. This means that every euro invested in prevention, brings a return of 2.20 euros from a business point of view.
Companies in various industries and of different sizes have already put their budgets to work and achieved a breakthrough in occupational safety with the help of modern software.
You should view your occupational safety budget as an investment. With the help of financial indicators for your desired and actual scenarios, you can conduct a long-term cashflow analysis for the investment you are considering, taking the total net value of the project, the time needed for amortization and the expected percentual dividends into account.
