When you own a business, profitability matters \u2013 after all, it’s what helps you thrive in a highly competitive market. In fact, profit is one of your main goals because if you lack capital, how can you expect to succeed? It’s impossible – failure will be right at the corner, as no business has ever survived for a long time without generating significant profit. But what drives profitability in business? It all comes down to the levels of productivity in your company. At first, it may seem that hiring top talent is key to ensuring great results in your venture, but that’s actually not enough. OSH management also plays a crucial role in how well your company performs. In short, OSH management means implementing health and safety programs and policies to foster safe work environments.<\/p>\n\n\n\n
Statistics show that more than 2.78 million people die yearly due to workplace-related accidents or illnesses. This leads to several costs, not only in healthcare but also those resulting from a lack of productivity and decreased output. This is a significant disadvantage for businesses, especially in current economic times where inflation threatens everyone’s financial health. Considering these facts, it’s evident that OSH management can determine a company’s success. Neglecting OSH harms everyone, from individual workers to companies and even national health systems. But on the flip side, implementing roust practices and policies can benefit everyone, resulting in increased productivity, reduced turnover, and decreased healthcare costs. Hence, it’s about time companies took action to create an environment that puts employees’ well-being and health and the forefront. There are different ways to do that, and we’ll discuss them below.<\/p>\n\n\n\n