Leading indicator data is key to preventing future incidents, which increases productivity and lowers costs (Key #2). But only 43% of companies record events with a software tool, only 20% use a health and safety management software tool to automate their data collection and only 25% use data analytics.
Based on the existing data of leading safety metrics, analytics tools must be used to drive learnings which are then incorporated back into the culture. (Key #3). Based on leading indicator data, information needs to be shared across the organization for collaboration and training that meets local and global needs. Analytics and leading indicators will drive safety performance together.
Increased Safety Performance Drives Business Performance
So, if it is clear that effective safety culture and efficient safety tools help ensure a healthy workforce, which results in enhanced business performance, why don’t more companies see the link between safety and business performance? Do some businesses still look at health and safety management as a cost factor rather than a major contributor to the overall business performance?
“The connection between a healthy workforce and superior marketplace performance is becoming increasingly clear. It is estimated that for every dollar saved in direct health care costs, employers save an extra $2.30 in improved performance or productivity.1“
How to prove that health and safety contribute to overall productivity and, therefore, to business performance? Will it help to use reliable, accurate, and up-to-date safety metrics that show your actual performance, progress and identify areas for improvement? Automation and digitalization are cost-effective ways to protect workers and keep profit margins strong.
Where to Begin?
SpheraCloud Health and Safety Management software is a powerful, integrated platform that enables automated data collection, provides an incident reporting tool for all employees across the entire organization and provides analytics for fast and informed decision-making. Based on the collected data, actions and remediations are set and training management is planned that is visible to all relevant stakeholders via insightful dashboards.
¹ NCBI