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Effective management and
implementation of workplace safety and health programs add
significant value to individuals and companies by reducing
the extent, severity and consequences of work-related injury
and illness.
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Workplaces that establish
safety and health management systems reduce their injury and
illness costs by 20 to 40 percent.
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Businesses spend $171
billion a year on costs associated with occupational
injuries and illness, expenditures that come straight out of
company profits and can comprise as much as 5 percent of a
company’s total costs.
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Preventing injuries and
illnesses decreases workers compensation and retraining
costs, absenteeism and faulty product.
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Preventing injuries and
illnesses increases productivity, morale and ultimately,
profits.
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A $1500 workers compensation case, if your net before tax is
7% will require $21,429 in sales.
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