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