Workplace injuries, according to studies, were responsible for the hospitalization or emergency medical treatment of over 40 million American workers. This is a staggering number when one considers the efforts most companies have put into maintaining a safe workplace. The past few years have seen a rise in the number of companies legally mandated to pay financial restitution to victims of workplace-related injuries. Workplace safety and profitability make strange bedfellows, but in business parlance they are bedfellows nonetheless.
Every company, especially those involved in industrial manufacturing, is constantly looking at ways to continuously improve their products and processes. These companies realize the congruence between high profits and effective and efficient means in creating products. Unfortunately, too many companies get caught up in drive for higher profits and tend to allow workplace safety to become an afterthought.
One cannot help but be dumbfounded by the staggering costs of operating a sizeable manufacturing facility in America. The effect of workplace injuries is crippling in more ways than one ? it also cripples the budget of a company and their productivity. By being detail-oriented and focused on preventative measures, a lot of these injuries can be precluded. It is, after all, possible to prevent many workplace injuries. The safety and spick-and-span condition of a workplace is probably the best possible way a company can prevent injuries from occurring, though the factors in avoiding injurious accidents are not limited to this. Workers are also culpable for their own safety at the end of the day.
For medical facilities and insurance companies, workplace injuries can be quite a burden to deal with. With companies paying more and more on employee health care premiums, one of the more prevalent ways of recouping costs hitherto spent would be to increase the prices of commodities and services. This places the burden of expense on the consumer, and allows companies to ignore the root cause of their workplace injuries. Veteran economists such as ourselves are ruing the current business paradigm wherein business organizations are more concerned about currying the favor of shareholders rather than remaining in favor with the rank and file by caring for their health and safety.
It is quite fascinating and in a way disconcerting that there are more jobs than ever before, especially industrial jobs, outsourced to foreign countries. There are actually a few reasons why this is so even up to now. By inexpensively acquiring labor from mostly third world countries, American companies are thus able to significantly cut down on the costs of operation, costing a mere percentage of what they would normally be paying for domestic assistance. The foreign governments, on the other hand, are all too happy to invest, and as a result, giddily accommodate the interest invested by corporate America. Invariably, workplace safety is compromised, thus making such a deal appear Faustian in nature.
In order to generate greater profit over a long term period of time, big companies need a paradigm shift in terms of workplace safety and their workers? overall health. With the number of foreign countries offering inexpensive labor and a lax labor code still numerous, American companies still outsource their jobs overseas. Nonetheless, a confluence of safety and profit is possible for American business entities. Through directed education campaigns and preemptive planning, workplace injuries can be reduced in a significant way. Remember: a safe worker is a happy worker, and a happy worker is a productive worker.
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