Our services were designed with your business in mind. Discover a host of tools, services, and resources that help you to collaborate, minimize risks, prevent losses and stay in compliance. It’s just one of the many innovative ways we support your business. Call us today at (310) 329-5494
Custom Job Description Builder
Access a comprehensive library of job descriptions to help you attract and hire the best candidates.
In-person Interview Question Builder
Build a series of questions to help you learn more about a candidate during an in-person interview.
Salary Benchmarking
The Salary Benchmarking Tool will generate a compensation report with annual or hourly compensation rates in every state for over 800 positions.
Employee Handbook Builder
Create and communicate your organization’s HR policies and procedures quickly and conveniently. Generate custom employee handbooks, branded to any organization, by simply answering a few quick questions. State and federal content is available along with the ability to upload any custom content.
Multi-State Laws Comparison Tool
The Multi-state Laws Comparison Tool will build a side-by-side comparison chart that features state labor laws that are relevant to you.
Employee Cost Calculator
Add up all of the overlooked and hidden expenses that contribute to the true cost of hiring a new employee.
Performance Review Builder
Create a professionally developed performance appraisal that will enable employees to achieve their potential and contribute to the success of your business.
Sample Job Descriptions
Use the Sample Job Descriptions Tool to find sample job descriptions that can help you when reviewing an employee’s performance or to assist you in recruiting the best candidates.
OSHA Log
The OSHA Log makes it easier for you to record, track, and export your injury and illness data and ensure OSHA compliance.
Additional resources:
OSHA 300 Reporting: Recordable Incident Advisor
FMLA Advisor
Understand your company’s rights and responsibilities under the federal Family and Medical Leave Act (FMLA)
HR Self-Assessment Tool
Evaluate your company’s existing HR practices and policies to identify areas for improvement.
Phone Interview Question Builder
Build a customized set of phone interview questions to help you narrow your pool of job applicants
Total Compensation Statement Builder
The Total Compensation Statement Builder will create a personalized compensation statement for your employees using the benefit information entered.
Federal Poster Advisor
Determine which federal posters are required for your company in order to stay compliant with the Department of Labor (DOL).
Safety Programs and the Impact to Your Bottom Line
If you could save your company money, improve productivity and increase employee morale, would you?
According to the Occupational Safety and Health Administration (OSHA), workplaces that establish safety and health management systems can reduce their injury and illness costs by 20 to 40 percent. Safe environments also improve employee morale, which positively impacts productivity and service. When it comes to the costs associated with safety, consider the following statistics from OSHA:
- Employers pay almost $1 billion per week for direct workers’ compensation costs alone, which comes straight out of company profits.
- Injuries and illnesses increase workers’ compensation and retraining costs.
- Lost productivity from injuries and illnesses costs companies roughly $63 billion each year.
In today’s business environment, these safety-related costs can be the difference between reporting a profit or a loss. Use these tips to understand how safety programs will directly affect your company’s bottom line.
In today’s business environment, safety-related costs can be the difference between reporting a profit or a loss.
Since measuring can be time consuming, general cost formulas are available. A Stanford study conducted by Levitt and Samuelson places safety costs at 2.5 percent of overall costs, and a study published by the Economist Intelligence Unit (EIU) estimates general safety costs at about 8 percent of payroll.
If it is important for your organization to measure safety as it relates to profitability, more accurate tracking should be done. For measuring data, safety costs can be divided into two categories. Direct, or hard costs, which
Safety Programs and the Impact to Your Bottom Line
Safety wages
Operational costs
Insurance premiums and/or attorney’s fees
Accidents and incidents
Fines and/or penalties
There are also Indirect, or soft costs, which go beyond those recorded on paper, such as the following:
- Accident investigation
- Repairing damaged property
- Administrative expenses
- Worker stress in the aftermath of an accident resulting in lost productivity, low employee morale and increased absenteeism
- Training and compensating replacement workers
- Poor reputation, which translates to difficulty attracting skilled workers and lost business share.
When calculating soft costs, minor accidents costs are about four times greater than direct costs, and serious accidents about 10 to 15 times greater, especially if the accident generates OSHA fines or litigation costs.
According to IRMI, just the act of measuring costs will drive improvement. In theory, those providing the data become more aware of the costs and begin managing them. This supports the common business belief that what gets measured gets managed. And, as costs go down, what gets rewarded gets repeated.
How Can You Show ROI?
OSHA studies indicate that for every $1 invested in effective safety programs, you can save $4 to $6 as illnesses, injuries and fatalities decline. With a good safety program in place, your costs will naturally decrease. It is important to determine what costs to measure to establish benchmarks, which can then be used to demonstrate the value of safety over time.
Also, keep in mind that your total cost of safety is just one part of managing your total cost of risk. When safety is managed and monitored, it can also help drive down your total cost of risk.
Safety as a Core Business Strategy Industry studies report that companies who focus on safety as a core business strategy come out ahead. Consider the following as reported by the American Society of Safety Engineers:
- A coal mining company in West Virginia reduced its workers’ compensation rate of $1.28 per $100 payroll vs. its competitor’s rate of $13.78.
- Implementation of an OSHA consultation program reduced losses at a forklift manufacturing operation from $70,000 to $7,000 per year.
- A fall protection program implementation reduced one employer’s accident costs by 96 percent – from $4.25 to $0.18 per person-hour.
Considering the statistics, safety experts believe that there is direct correlation between safety and a company’s profit. We are committed to helping you establish a strong safety, health and environmental program that protects both your workers and your bottom line. Contact us today at (310)329-5494 to learn more about our value-added services.