As the world wages war against the ongoing COVID-19 pandemic through country-wide lockdowns, businesses are counting their costs with exasperation. The coronavirus has forced many companies to reverse their expansion plans as unemployment increases and large portions of the global economy have come to a halt.
The pandemic has proven to be beyond the worst-case scenarios that business owners had prepared for. Instead of a gradual slowdown, it has forced companies to shut their offices and stores, lay off employees, and shrink their budgets.
However, although the uncertainty caused by the pandemic demands that companies start exercising financial prudence and caution, it’s not advisable to cut certain essential expenses, and safety measures are at the top of that list. Cuts made to proper safety measures will not only most likely negatively influence efficiency and productivity, serious incidents can upset employees, damage public perceptions, and expose the company to fines and liability.
Most importantly, they can put people at risk of bodily harm or even death.
Small businesses are especially vulnerable due to the lack of extra resources needed to help them through the aftermath of accidents or illnesses. The financial risks are too significant to ignore, and any loss of personnel can be particularly disastrous to operations and company morale.
During this pandemic, the right approach is not to cut spending on health and safety. The best way forward is to focus more than ever on their importance
Increasing spending on health and safety may be impractical during the pandemic, but by resisting any impulses to cut spending in this essential area, management can avoid disastrous ramifications down the road—and demonstrate to employees, customers, and the public that they are aren’t putting profit ahead of people’s physical well-being.
Cutting costs should never equate to minimizing health and safety. No one should gamble with the well-being of workers, which ultimately translates into the health of the company.
Improving audits and inspections are one way in which organizations can focus on health and safety. This is where you can look to The Checker Inspection Books or The Checker Software, which features a range of customizable tools for conducting and managing audits and inspections in a way that lowers costs and increases benefits.