Safety culture: a strategy for improving business sustainability
The pandemic has highlighted the shift in mindset from a business’ most valuable asset being capital to people.
Following on from our post on people strategy it is clear the positive impact that the right people can have on the profitability and sustainability of a business.
Having clearly defined company vision, mission and values is the first step in building and retaining an engaged, productive and united workforce.
Firmly at the heart of delivering on your corporate vision and mission should be your health and safety strategy. The safety culture of a business is pivotal in building an overall positive culture with people at its heart – going beyond compliance and genuinely having their safety and interests in mind at all times and, by extension, educating your people in the importance of this.
“How does health and safety relate to insurance premiums?” We hear you ask.
As with your people strategy, having your people’s safety at heart is critical in attracting and retaining the right people. And this, in turn, results in:
- Lower employee absence (either injury-related or due to being dis-engaged with the culture)
- Lower rates of staff turnover
- Higher productivity
- Less work-related injuries
- Lower claims
- Lower costs (no need for replacement agency staff short- and long-term)
- Lower frictional costs
- This creates loyalty and improves overall customer satisfaction, business stability and sustainability.
- Lower insurance premiums.
This holistic approach to safety culture is proven to improve business sustainability, profitability, reputation, and loyalty.
If you would like help in creating and implementing an effective safety strategy, get in touch today to discuss next steps.