The high cost of ineffective safety management

Failure to manage safety effectively in the workplace is evident and the penalties are high. Each year, it is estimated that around 11-16 billion will be lost to British business through occupational accidents and illness. According to the Royal Society for the Prevention of Accidents (1997), every working day in Britain there are approximately  

Therefore, the occupational safety and welfare of the workforce is of paramount importance to the functioning and profitability of an organization. Whilst a lack of attention to safety matters may incur significant costs to the individual, the organization and society, the full loss is often not understood or correctly calculated because there may be direct and indirect costs such as  

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Likewise, rarely are the full costs of accident involvement for the victim acknowledged. These direct and often hidden costs might be in terms of  

i t can be said that we probably only consider the tip of the iceberg when we attempt to place a cost on industrial accidents. There are many other costs under the surface.  

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