traded recipients of the American College of Occupational Medicine’s Corporate Health Achievement Award. All four hypothetical investment portfolios created in the study outperformed the Standard and Poor’s 500 (S&P 500) average significantly, leading the authors to conclude that on the health and safety of a workforce is good business”. The “focusing authors acknowledge that correlation is not the same as causation, however at the very least this study shows that investing in WHS is something which financially successful and productive companies tend to do, and arguably plays some part in the edge they have over the rest of the market. Finally, have been a number of studies into the actual dollar return on investment from WHS prevention programmes. While this is arguably the most compelling measure of the productivity value of WHS investment, it is the most difficult to capture as it is challenging to isolate both the costs and the savings which flow from investment in a WHS system. One study from 2009 into financial decision makers’ (CFOs and their equivalents) views on safety, published in the Journal of Professional Safety, found that the surveyed decision makers perceived that for every dollar spent improving workplace safety about $4.41 would be returned. Surveyed decision makers also believed that the top benefits of an effective workplace safety programme were 1) increased productivity, 2) reduced costs and 3) greater retention of employees.
traded recipients of the American College of Occupational Medicine’s Corporate Health Achievement Award. All four hypothetical investment portfolios created in the study outperformed the Standard and Poor’s 500 (S&P 500) average significantly, leading the authors to conclude that “focusing on the health and safety of a workforce is good business”. The authors acknowledge that correlation is not the same as causation, however at the very least this study shows that investing in WHS is something which financially successful and productive companies tend to do, and arguably plays some part in the edge they have over the rest of the market. Finally, have been a number of studies into the actual dollar return on investment from WHS prevention programmes. While this is arguably the most compelling measure of the productivity value of WHS investment, it is the most difficult to capture as it is challenging to isolate both the costs and the savings which flow from investment in a WHS system. One study from 2009 into financial decision makers’ (CFOs and their equivalents) views on safety, published in the Journal of Professional Safety, found that the surveyed decision makers perceived that for every dollar spent improving workplace safety about $4.41 would be returned. Surveyed decision makers also believed that the top benefits of an effective workplace safety programme were 1) increased productivity, 2) reduced costs and 3) greater retention of employees.