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The Costs of Not Implementing Health and Safety in Your Business

By March 25, 2015December 29th, 2021No Comments

Princes Consultancy Services Ltd | Audit & Quality Assurance Specialists

The 1974 Health and Safety at Work Act indicate that employers have to ensure safety and health measures are effectively in place. This is to make sure every visitor and employee at the organization’s premises is not at any risk. It also indicates that the employer is responsible for the costs of not implementing health and safety systems in their business. As a result, lots of organizations see the safety standards as one huge task without knowing that if the right health and safety approach is followed a very productive environment for everyone can be created. Essentially, if these standards are not implemented by businesses, the cost can be humongous in many ways.

Cost is huge

If health and safety concerns are not addressed your organization should expect a lot of expenses. This includes high costs of running the business, heightened risks for everyone, from the employees, managers to the visitor on site. Simultaneously, employee absence will increase as a result of injuries and work related sickness, including an increase in turnover rates.  Accidents should also be expected to go up at the workplace since no one cares and it will just a matter of time before another employee or visitor is taken to the hospital critically injured and corporate manslaughter might just set in.

The threat of legal action and heavy costly fines also increases with every day that follows zero implementation of health and safety standards and audits in the business. It should also be expected that the great standing existing with partners and suppliers will be lost while the warm reputation among customers, investors and communities dies down. The productivity of the company goes down as the employees become less healthy, unhappy and de-motivated. They have no motivation to wake up early every morning to come to work and give their all since they do not know whether they will be injured next.

These costs can be avoided

Through a proper implementation of health and safety audits and management any organisation can avoid all these costs. This includes a health and safety policy tailored for your business including provision of recommendations and reference material if needed, for instance signage in case required. Risk assessment is done by a trained eye able to spot any anomaly or danger while constant professional effectiveness and efficiency reviews of the health and safety systems ensures the company has complied perfectly with the current law and improvements done if needed.

Implementation of health and safety also comes with training for every employee who is taught how to maintain safety and to work safely through bespoke training programmes. In case of policies and procedures for the organisation you can have it with the implementation of health and safety systems in your business.

Through a qualified health and safety auditing services such as Prince’s Consulting, an encompassing service is provided to ensure the company has complied with every relevant safety and health legislation with very little stress and inconvenience,  while informing the business of any legislation change.

Prince’s Consulting Services can be inquired upon through their Contact Us information.