| Statistic |
Importance |
| 1 |
According to the Occupational Safety and Health Administration (OSHA), businesses spend an estimated $170 billion a year on costs associated with occupational injuries and illnesses. |
| 2 |
A study conducted by the American Society of Safety Professionals found that for every $1 invested in workplace safety, businesses can expect a return of $4 to $6 in cost savings. |
| 3 |
The National Safety Council reported that workplace injuries and illnesses cost employers a total of $161.5 billion in 2017 alone. |
These statistics clearly demonstrate the financial impact that workplace safety can have on a business. By investing in a Level 7 Diploma in Process Safety Management, individuals can acquire the necessary skills to identify potential hazards, implement effective safety measures, and ultimately reduce the risk of accidents and injuries in the workplace.
In addition to the financial benefits, a Level 7 Diploma in Process Safety Management can also lead to improved employee morale, increased productivity, and enhanced reputation for the organization. Employees who feel safe and supported in their work environment are more likely to be engaged and motivated, leading to higher levels of productivity and overall job satisfaction.
In conclusion, the investment in a Level 7 Diploma in Process Safety Management is not only a wise financial decision, but also a crucial step towards creating a safe and secure work environment for all employees. By equipping individuals with the knowledge and skills needed to effectively manage process safety, businesses can protect their most valuable asset - their employees.
Source of data: Occupational Safety and Health Administration (OSHA), American Society of Safety Professionals, National Safety Council.