FRENCH STUDY: WORK SAFETY BOOSTS PROFIT

A study by the French National Institute for Research and Safety (INRS) has looked at 1.9 million companies over 15 years to see if workplace incidents affect a company's profitability. They wanted to find out if spending on preventing incidents makes companies do better financially.

The study found that when there are more incidents at work, companies make less money. For example, a 10% increase in incidents reduces a company's productivity and profit by a small percentage. Smaller companies are hit harder by incidents because they have fewer resources to handle the problems caused by incidents.

Companies with more than 150 employees are affected for a longer time after an incident. This shows that investing in preventing incidents is important for a company's long-term success.

This study proves that preventing incidents at work is good not just for workers' safety but also for a company's bottom line. It also supports other studies that say investing in health and safety at work saves more money than it costs.

Access the full study here

Share Tweet

RELATED

WOMEN’S RIGHTS AT WORK FESTIVAL
The Women's Rights At Work Festival is kicking off next month and we have a packed program. Come together to rally, celebrate wins, get involved in campaigns, learn about your new rights...
Read More
40% OF EMPLOYERS UNAWARE OF POSITIVE DUTY TO PREVENT HARASSMENT
Workplace sexual harassment is a serious and persistent problem directly impacting one in three employees. As well as causing significant personal harm, it costs the economy more than $3.8billion per year. Evidence...
Read More
THE MENTAL HEALTH IMPACT OF PRECARIOUS EMPLOYMENT
Recent research confirms the negative effects of precarious employment on employee’s mental health. Research using fifteen years of data shows that hours worked, employment status and perceptions of job security and control...
Read More