What many fail to consider are the economic costs and losses associated with accidents and illness. Safety has been considered something of an indulgent cost, with no specific provision being made in budgets. As a result, when improvements are required, a “shell game” approach has to be taken with existing budgets.
However, with proper safety monitoring and risk assessment, organizations should be able to identify health and safety improvements and make provisions in the budget as necessary. Very few organizations however, have specific safety budgets. Much of the information relating to the costs of accidents and illnesses can be identified through the operation of accident costing systems. From these systems, a better knowledge of the main costs of accidents, both direct and indirect, can be ascertained, which in turn contributes to future decision making with regard to machinery, plant acquisition, structural improvements and management systems.
Good reasons for implementing specific safety budgets:
To allocate funds for future improvements arising as a result of
Impending or new legislation
Recommendations from safety monitoring activities, risk assessment and accident investigations
To ensure supervisors pay attention to safety and assessing future workplace safety provisions.
To allocate funds, for example, for the replacement of worn-out guards on machinery, providing necessary PPE, continued surveillance and environmental monitoring.
Designating a specific allocation of your budget for safety brings your organization closer to our goal…Everyone goes home safe…every day!