Sunday, October 4, 2009

Why do managers make a commitment to safety?

Reason No. 2 To fulfill the fiscal imperative.

This strategy can be quite effective. Managers who are motivated to invest in safety understand the financial benefits derived from effective application of safety programs. The primary reason for "doing safety" shifts to maximizing profits. The goal is to fulfill the obligation to stakeholders to operate the business in a fiscally prudent manner. These managers will do whatever needs to be done proactively or reactively to save on direct and indirect costs of accidents. Management may display a commitment beyond minimum legal requirements if they see a financial advantage. Safety is most likely a high priority. However, commitment to safety may be subject to rapid change when the going gets tough.

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