SSecondly, there is a matter of reputation. No company is looking forward to appearing on the news whensomething wrong happens. It will attract unwanted publicity that will ag an organization for some time.
The health and safety of your employees are also at play here. Even a minor accident such as a trip or a fallcan lead to a severe accident which can put that employee in the hospital. When such an accident doesoccur within an organization, a company-wide drop in morale usually follows.
Last but not least is a case of lost revenue. This will take on different forms, depending on the exactcircumstances. Lost revenue after an accident or injury comes from reduced productivity as a result oflowered employee morale.
Negative media attention can also cause a reduction in sales or terms of partnership opportunities. Then,there is a matter of legal fees, nes, increased administrative costs related to the injury, damaged property,machinery, or tools, as well as the cost associated with a new hire - if applicable.
TAKEAWAY:
Investing in regulatory inspections can and will increase revenue. If all goes well and these audits do theirjob, the day-to-day operations will run smoothly and without a hitch. But when accidents happen, therewill be a signicant disruption that will extend well beyond the incident itself. The company will spendconsiderable time of weeks or months to recover. A cloud-based piece of software, such as The CheckerSoftware , will provide you with many valuable management tools for higher accuracy, effectiveness,and safety.
Tags:
Why Inspect?, Safety Management, Legal Compliance, Inspection Best Practices, Inspections And Protability