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Remember: The costs to an organisation of poor health and safety performance are like an iceberg - with the obvious costs represented by the tip while the far greater costs are hidden below the surface.

Absence - when due to illness or accident this can be costly for your business. As well as direct costs such as sick pay you may have to pay someone else to fill the gap, either by hiring additional staff on a temporary basis or by offering overtime to existing employees. Depending on the job there may also be a training requirement, particularly where the job is specialised.

Insurance - while you can insure against many things, there are many others that you can't, such as legal costs; fines; time involved in investigation; loss or delays in production; cost of temporary cover; damage repair costs; damage to raw materials; lost time; absence pay.

 

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Last modified: 09-04-2009