Businesses spend $170 billion a year on costs associated with occupational injuries and illnesses, expenditures that come straight out of company profits. Injuries increase workers’ compensation and retraining costs and absenteeism. They also decrease productivity, morale and profits. Lost productivity from injuries and illnesses costs companies $60 billion each year.
Workplaces that establish safety practices can reduce their injury and illness costs by 20 to 40 percent! Safe environments improve employee morale, which leads to increased productivity and better service.
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