Company Culture

The ROI of Safety

The ROI of Safety.png

Properly implementing a complete safety program is sometimes seen as an expensive endeavor. However, have you thought about what your company might get back from making this investment? Potential returns could include more work for the company, lower insurance premiums, and happier employees.

Let’s take a look at how safety is one of the most valuable investments your company can make.

More Work for the Company

Contracting companies look at a company’s safety statistics and decide if they match up to their own standards. If your company doesn’t make the cut, a client may decide to work with another company instead. Don’t let that happen!

Having a solid and constantly growing safety program will help ensure your company is always on the forefront of a client’s mind...

Having a solid and constantly growing safety program will help ensure your company is always on the forefront of a client’s mind as a good and safe company to work with. This can be done by showing the contracting company that you have a complete and updated HSE Manual, steady safety meetings and training classes, site safety audits, and more!

Lower Insurance Premiums

Creating an atmosphere where safety is a way of life will in turn result in less incidents, near misses, and recordables. This not only directly results in lower workers compensation costs but can overtime reduce your total insurance premiums.

Through programs, like Colorado's Cost Containment Certification (CCC), insurance companies in Colorado reward their clients with a discount on their insurance costs year after year. However, a company has to do the work on their side before the insurance company will accept their proposal. This includes proving you have regular safety programs and procedures in place, a group of people continuously looking to improve the program, among other items.

If your company operates in a state other than Colorado, do a quick search to see if your state offers a CCC program. For more information on Colorado’s CCC, visit Colorado’s Department of Labor and Employment website here.

Happier Employees


Lastly, but maybe most importantly, you have happier employees. Having a full safety program in place helps show your employees you care about them and are invested in them. An employee’s family satisfaction will also increase, meaning families are satisfied with your company and happy to have their loved ones work there.

Happy employees makes it easier to create a better safety and company culture. There will be less push back from the employees and they will be willing to reciprocate the support they get, staying at the company for longer, creating a decrease in turnover rate.

These are just three of the major returns that can come out of investing in a proper and complete safety program.

Are there other returns your company has seen from advancing your safety program?

Comment below!

5 Steps to Building a Safety Culture

Creating a culture within companies is growing in importance to all industries. Safety culture is no different.

Merriam-Webster defines culture as, “the set of shared attitudes, values, goals, and practices that characterizes an institution or organization.”  

When it comes to creating a successful safety culture, confirming that each of these components just stated are present is extremely important.


Here are the top 5 tips on how to get each of these components into your company and create a successful safety culture:

1.       Build Trust

2.       Provide Training

3.       Provide Communication Channels

4.       Lead by Example

5.       Celebrate Successes


Now let’s break each step down individually.


1.    Build Trust

Step one to developing any relationship is to build trust between the parties. Employees should feel that they can go to their supervisor if an incident occurs or if they see something that may be a safety hazard. Encouraging them to inform a supervisor in either of these cases is a vital part of having a successful safety culture. For instance, if the employees do not feel comfortable reporting a near miss, this mishap may be repeated in the future and turn into a more serious occurrence later on.


2.    Provide Training

" teams are dedicated to continuous learning."

Training provides employees with safety tools and resources. These resources are just as important as any of the other tools used to complete a job. They enable employees to correctly identify a potential safety hazard and know what the next step in preventing further danger is. When training is lacking from a company, it is more likely problems will arise. Remember, world-class teams are dedicated to continuous learning.


3.    Provide Communication Channels

It is important that employees know how to report a safety issue and that it will be addressed appropriately. Make sure the channels of communication for reporting a problem is completely clear to employees; they should know exactly who they are to inform about a concern. After the concern is expressed, the employee should feel confident that it will be handled in a positive and complete manner, making sure to investigate the entire issue.

Making the workplace an open area for sharing ideas about safety should also be practiced.


4.    Lead by Example

“The elements of culture tend to have a trickle-down effect.”

Culture is something that engulfs the totality of a company and, therefore, is a commitment that should be taken on by the entire team. The elements of culture tend to have a trickle-down effect. This means that employees will gauge their goals and how they handle situations at work on how their supervisors do. If an employee’s supervisor fails to correct a reported hazard, it is likely that the employee will not be concerned with reporting hazards anymore because no action is taken to resolve the issue. Creating a true and complete safety culture means going beyond the programs and policies with meaningful actions.


5.    Celebrate Successes

Keeping safety at the forefront of goals set for a company is extremely important. As previously stated, it takes an entire company to successfully attain these goals. Therefore, when these objectives are reached, it is important to celebrate the company and all of the employees within it. Acknowledging what the company has done and setting higher sites for the future can help to ensure that the company will continue succeeding and gaining triumphs that previously seemed difficult to obtain.


These 5 steps are simple, but necessary to gaining a complete and true safety culture within a company. Following them will ensure all of the correct elements are in place for letting a company go beyond their goals and keeping their employees safe.


What techniques are you using to create a safety culture within your company? Comment below!