Improving Employee Safety While Saving Money
Companies that have health and safety regulations in place not only create a safer workplace environment for their employees, but also improve their financial health at the same time. When it comes down to it, safety pays. According to OSHA’s Office of Regulatory Analysis, companies that implement safety and health programs can expect reductions of 20% or greater in their injury and illness rates and a return of $4 to $6 for every $1 invested. (White Paper, 2002, American Society of Safety Engineers)
“Companies that implement effective safety and health can expect reductions of 20% or greater in their injury and illness rates and a return of $4 to $6 for every $1 invested…” – OSHA’s Office of Regulatory Analysis
Often businesses see health and safety programs as a cost rather than an investment. But devoting funds to health and safety will end up saving money in the long run based on these OSHA statistics:
- Businesses spend $170 billion a year on costs associated with occupational illnesses and injuries.
- Lost productivity from injuries and illnesses costs companies roughly $63 billion in profits each year.
- Employers pay almost $1 billion per week for direct workers’ compensation costs.
At Teldio, we are committed to helping you establish a strong health and safety program that protect both you and your employees, so everyone wins. Teldio’s two-way radio apps provide an integrated solution that significantly reduces operational costs while increasing worker efficiency and ensuring employee (and guest) safety.
Our suite of applications includes cost effective radio to telephony communication, radio to radio recording, alarm management and notification, lone worker monitoring, man down notifier, as well as indoor Bluetooth & outdoor GPS tracking solutions.
Contact us today at 1-855-743-1333 to learn more about our value added solutions.