The Written Budget

When it is time to develop a written budget, it is important to identify operating cost, potential benefits such as direct benefits (e.g., reduced labor cost, lower accidents, reduced insurance cost, or productivity gains). Indirect benefits should also be considered in light of quality improvanents— reduced scrap less rework reduced product liability, exposure, or produa recall expenses improved corporate image or inaeased market share. At times, indirect benefits are improved anployee morale, which reduces absenteeism and turnover or increases teamwork and ownership. The potential reduction in the numbers of compliance penalties can be a benefit. 

The safety and health professional who develops a responsible budget that looks for ways to control cost and maintain or improve the company s bottom line will be view as a part of the team and not just a necessary evil. 

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Loss potential from not performing the action item The Written Budget... 

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