Industries spend enormous amounts on costs associated with injuries and illness and expenditure that come straight out of profits and sometimes the companies may go in to financial problems even. With the globalization and enhanced thrust on increasing the existing capacities of the production units and creation/ development of infrastructural facilities, new expansion projects are being taken up. One need not be surprised if the trend continues for a long time to go to have a competitive edge. It is opined that 30% of the above costs can be saved if good safety management systems are put in to practice.

Not only this, safe working conditions will enable a definite dip in the man days lost due to injuries and encourage employees to produce better quality products and provide quality services. They will have more confidence, work with enhanced vigour and improve productivity.

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Tue, 12/04/2011 - 07:42