WHS Cost Management Strategies

There are more than a few big misconceptions when it comes to workplace health and safety. One of the biggest is that health and safety only impacts a business’s profitability when it goes wrong. Many businesses treat health and safety as a way to avoid the financial losses that come with claims. It’s seen as a way of protecting what they already have.  Beyond avoiding claims and costly financial penalties, is there more to gain from nailing workplace health and safety? Research by Safe Work Australia suggests there’s a direct relationship between profitable businesses and health and safety standards.