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    12 - Replacement Updated Slide

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    Naeem Ashraf
    The document discusses the impact of safety on productivity, quality, competitiveness and profitability. It states that investments in safety can result in reduced accidents, increased productivity through better work methods and reduced absenteeism. It also notes that a safety culture can increase competitiveness, job satisfaction and loyalty from employees. Finally, it argues that safety is not a non-productive expenditure as the costs of accidents include lost production time, equipment damage, insurance hikes and compensation, while safety measures help minimize these losses and add capital value.

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    12 - Replacement Updated Slide

    Uploaded by

    Naeem Ashraf
    24 views4 pages
    The document discusses the impact of safety on productivity, quality, competitiveness and profitability. It states that investments in safety can result in reduced accidents, increased productivity through better work methods and reduced absenteeism. It also notes that a safety culture can increase competitiveness, job satisfaction and loyalty from employees. Finally, it argues that safety is not a non-productive expenditure as the costs of accidents include lost production time, equipment damage, insurance hikes and compensation, while safety measures help minimize these losses and add capital value.

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    12_Replacement Updated Slide

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    The document discusses the impact of safety on productivity, quality, competitiveness and profitability. It states that investments in safety can result in reduced accidents, increased productivity through better work methods and reduced absenteeism. It also notes that a safety culture can increase competitiveness, job satisfaction and loyalty from employees. Finally, it argues that safety is not a non-productive expenditure as the costs of accidents include lost production time, equipment damage, insurance hikes and compensation, while safety measures help minimize these losses and add capital value.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    24 views4 pages

    12 - Replacement Updated Slide

    Uploaded by

    Naeem Ashraf
    The document discusses the impact of safety on productivity, quality, competitiveness and profitability. It states that investments in safety can result in reduced accidents, increased productivity through better work methods and reduced absenteeism. It also notes that a safety culture can increase competitiveness, job satisfaction and loyalty from employees. Finally, it argues that safety is not a non-productive expenditure as the costs of accidents include lost production time, equipment damage, insurance hikes and compensation, while safety measures help minimize these losses and add capital value.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 4

    Impact of Safety on Productivity

    Impact of Safety on Quality:


    • Better work methods, reduced absenteeism
    • Improved organizational performance and product
    quality
    • Projects driven by safety more likely to be on
    schedule and within budget
    • Major investments in safety resulted in reduced
    accidents with corresponding increases in
    productivity, positive attitude about quality and
    safety
    Impact of Safety on Competitiveness:
    • Safety culture to competitiveness in many ways
    • Winning or loosing a contract
    • People’s way of thinking and development of
    safety features used as marketing devices (air bags)
    • Positive impact on employees’ commitment and
    loyalty with greater job satisfaction, productivity
    and reduced absenteeism
    Impact of Safety on Profitability:
    • Is safety really a non-productive expenditure?
    • Profit by minimizing loss and adding to the capital
    value of organization
    • HSE’s Accident Prevention Advisory Unit (APAU)
    estimated £1 of £11 lost as a result of workplace
    accidents is recovered by insurance.
    Typical costs associated with accidents:
    • Lost production caused by
     Time away from job by injured person and coworkers in
    attendance.
     Time spent by first aider attending injured person.
     Possible downtime of production process
     Possible damage to product, plant and equipment.
    • Time and costs due to repair of plant and equipment
    • Increased insurance premiums
    • Legal cost
    • Medical expenses
    • Compensation costs to injured employees
    • Absenteeism
    • Lower morale of employees leading to poor performance
    and productivity
    • Unsatisfactory employee relation

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