Safety - investment or Expense?

@safetitude: Safety - investment or Expense?

At times, budget allocation to safety is seen from return on investment (ROI) point of view. But the fact money spared for safety do not yield  direct benefit, makes many wary.  Unfortunately, the visible cost to accident or loss appears like the tip of iceberg. The literature says that direct cost is 4 times of the indirect cost but since later is hidden,  seriousness in ensuring good safety against economics weakened. As everybody understands the language of  money, so should we practitioners not put rigor to estimate the total cost of losses resulted from an accident and present it to business manager. The ultimate aim is to make management aware that " Safety is an investment and is not an expense.

Comments

Post a Comment

Popular posts from this blog

@safetitude: 6-Steps Total Safety Culture Model

Image
@safetitude: 6-Steps Total Safety Culture Model Further, an extension to 2 earlier posts that intended to enhance Safety performance and to build and establish a Total Safety Culture (TSC), this is one proprietary designed model as a guide to the journey. The strategy can be started with a small model with a selection of a change agent ( a worker with right safety attitude and zealous to take forward) and making him work through various stages of the model. Once one cycle is established, this can be repeated on the bigger scale until every worker in a business unit is covered. This also can be extended to higher management members in a later phase of implementation.
Read more
Safetitude Training And Consultancy LLP, based at Nagpur, India is now poised to help industries aiming to excel with HSEF performance. A commitment of ours at core " Help Industry gain through Safety" is here that make them realize "Safety Pays- in all way" including profitability. The various programs are designed to address the root cause of a lagging Safety in the organization. Our programs influence workers to imbibe and nurture attitude for safety that is Safetitude. Once it gets institutionalized, every one tends to value it through adhering Safety in auto-controlled mode. A culture for pro safety behavior, of course is not possible without buy-in commitment by those who has control over every affairs of the business. Let's understand, Safety is a function of Industry like many other e.g. production, cost, quality etc. So, let ambitious organization try us for value addition to their businesses. May reach out to us at knowsafety@safetitude.com #safety   #
Read more
Image
                                                     S A F E T I T U D E Arc Flash Boundary (AFB) Electrical related accidents are most severest one owing to its invincible and fatal-result characteristics. The extensive use of electricity almost everywhere as risk-escalating factor makes the things even worse. It is important to know that working on live low voltage (220V) installation is not alone dangerous but also working near live energized one is equally risky. Therefore, an understanding of Arc Flash Boundary becomes of prime importance. The following brief knowledge help you understand about AFB An energy exposure of 1.2 calories per centimeter squared (Cal/cm2) is the widely accepted incident energy value considered to be where the onset of a second-degree burn could occur. The AFB must be determined as part of an arc flash risk assessment and a requirement for arc flash labels. It can be calculated using an equation defined by IEEE 1584—IEEE Guide for Performing Arc Flash Haz
Read more