American businesses spend more than $1 billion a week on workplace injuries, according to the Liberty Mutual Workplace Injury Survey. A company that can’t get injuries under control may pay for it in:
- Higher workers comp costs,
- Increased OSHA recordables, which may threaten their ability to work for customers,
- Lost productivity, and
- potentially higher health care costs if injuries manifest themselves in other health problems.
No wonder so many businesses worry about injuries. But there is a difference between worrying and doing something about it. The key is to put a management system in place to prevent and reduce the impact of injuries. Recently we developed a paper that identifies steps companies can take to start managing injuries in an effective, systematic way.