14 Jun Jobsite Safety Investments Pay Big Dividends
How much return on investment do you get when using a safety management system? More than just money. According to Dodge Data & Analytics, contractors establish a culture of safety improve project quality, enhance staff retention and client reputation. In the current market, the ability to attract new workers and new clients is crucial for a contractor to stay competitive. Only one-third of contractors fall into the high end of the safety spectrum. They attribute their success, engaged workforce and improved on-site safety to safety management practices and systems. Dodge Data & Analytics found a 10 percent increase in a contractor’s ability to find new work (up from 76 percent, found in their 2012 study). Safety management practices and systems also aided to reduce the number of reportable injuries.