Safety First-Profits Follow: Your Roadmap to Success – 6/2/25
Safety E-Quick Tip
OWYN Safety Management Platform
Safety First—Profits Follow: Your Roadmap to Success
Are You Ready to Boost Your Profits?
When it comes to making a profit, the path isn’t always easy. But by following just three simple steps, you can turn your goals into reality.
The Three Steps to Profitability:
- Understand the Work: Accurately assess the project and bid on it correctly.
- Equip Your Team: Ensure you have the right people and the tools they need to succeed.
- Manage Effectively: Oversee the project to keep everything on track.
Missing any of these steps can jeopardize your profit margin—causing it to vanish or worse, go negative.
The Same Goes for Safety
Just like profitability, Safety First—Profits Follow can be achieved with three crucial steps:
- Establish Safety Policies: Create clear safety policies and procedures.
- Communicate Effectively: Ensure everyone understands these policies.
- Manage the Process: Oversee the safety measures to guarantee compliance.
Neglecting any of these steps can lead to decreased profits or even financial losses.
The Cost of Neglecting Safety
According to the National Safety Council, the total cost of work injuries in 2023 was a staggering $176.5 billion, averaging $1,080 per worker. This figure includes the value of goods and services each employee must produce to offset injury costs. And that’s not even accounting for the potential damage to your company’s reputation or the inability to bid on future projects.
Why Invest in Safety?
You might be thinking, “Why invest in safety when we’ve never had serious accidents?” Here’s why:
- Enhanced Engagement: When employees feel safe, they’re more engaged and productive. This positive environment leads to lower turnover rates and higher job satisfaction, ultimately benefiting your bottom line.
- Competitive Advantage: Companies with a strong safety culture attract more clients and partners. Demonstrating a commitment to safety can lead to more bidding opportunities and a higher likelihood of winning contracts.
- Preventative Approach: Just as you wouldn’t rely on luck to complete projects on time or within budget, don’t leave safety to chance. A strong safety culture prevents incidents that can lead to injuries and significant financial losses. It’s easier to prevent accidents than to deal with the consequences.
Your Action Plan
Now you have three steps to guide you in implementing a safety culture in your company, along with three compelling reasons to make it happen.
Remember: Safety First—Profits Follow.
Employee QuickTip
Always use the right tool for the job—using proper tools not only makes your work easier but also keeps you and your coworkers safe.
Employer/Management QuickTip
When you identify a safety hazard, address it immediately—don’t leave safety to chance.
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Stay Safe – You’ve Got This!
Your OWYN Safety Solution Team
OWYNsafety.com – Your All-In-One Safety Solution
