A Centre for Workplace Leadership (CWL) report confirms what many smart businesses already know – investment in work health and safety (WHS) can provide positive returns.
The CWL report looked at the available evidence for the contribution of WHS to the productivity and sustainability of businesses.
Although there are caveats, the report found much support for linking “WHS interventions and systems to better performance outcomes.”
In the report, the CWL argue for use of a broader range of factors when assessing the economic cost of WHS initiatives.
Reputation and brand image for example, should be included, because they are critical to the long-term health of a business.
At the close of Safe Work Month, Kate Carnell, the CEO of the Australian Chamber of Commerce and Industry (ACCI) said: “It’s a good time for businesses to take stock and look at investing in good WHS practices and improving performance.
“All businesses, regardless of size, should look at their WHS practices with a view to enhancing both productivity as well as the sustainability of the business.”
The CWL report was commissioned by Safe Work Australia for National Safe Work Australia Month.
For more information on WHS and Safe Work Australia Month visit: www.safeworkaustralia.gov.au