Boost ROI

Let’s face it: workplace risks can be just as detrimental to your business’ bottom line as they are to your staff’s health. There are plenty of immediate costs associated with injuries in the workplace, such as medical expenses, workers’ compensation and legal fees. OSHA estimated that employers pay a total of approximately $1 billion weekly for workers’ compensation costs.

Some costs, though not as concrete, can cut into a company’s profit margins, such as employee replacement costs, accident investigation, implementation of corrective courses of action, worth of lost productivity and repairs of damaged equipment and machinery.

In addition to keeping your employees out of harm’s way, an EHS system can improve your company’s overall Health & Safety performance in the long term, which can provide you with significant ROI over time. EHS software can help you spend less money on workers’ compensation and medical expenses, so you can use this money on equipment, inventory costs and other costs that can help grow your business.

Retain Your Best Employees

Not only can health and safety risks in the workplace potentially prevent your employees from returning to work for an extended period of time, but they can also impact your uninjured employees’ morale. Nobody wants to work in a space that they think is unsafe or non-compliant. When you implement an EHS system, you can show your employees that their safety is your priority. Even though this is typically an indirect result of implementing an advanced EHS platform, it can help significantly cut down on your turnover and recruiting expenses.

At ProcessMAP, we work with businesses of all sizes to innovate their workplace safety cultures and improve their compliance practices through our extensive suite of EHS tools. Connect with us today to learn more about how building an EHS solution can improve your business acumen.