As the economy continues along its path of recovery, many small businesses are optimistic about their financial outlook in 2013.
In a recent survey of more than 500 small-business owners, nearly half said they are somewhat or very confident that their organization will be in better financial shape than it was in 2012, according to TD bank.
In addition, 47 percent were confident they?ll exceed their sales performance from 2012. More than half plan to keep their staffing levels the same, and nearly one-third plan to hire at least one new employee.
With many employers feeling positive about their business? capabilities this year, they may consider how worker safety and wellness play into their organization?s overall financial situation.
Every year, employers spend nearly $1 billion per week on direct workers? compensation costs, according to the Occupational Safety and Health Administration (OSHA). The additional expenses associated with an employee injury or illness can include medical care, legal services, training replacement employees, accident investigation, lost productivity, repairs to equipment damaged during an incident, lower employee morale and absenteeism.
Businesses that invest in appropriate safety procedures and preventative measures greatly benefit financially from a safer workplace.
Source: http://www.safeatworkaz.com/?p=1233
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