Improvement of safety and health at work can bring economic benefits for companies. Accidents and occupational diseases can give rise to heavy costs to the company. For small companies particularly, occupational accidents can have a major financial impact. Information and perceptions about future effects of decisions, preferably expressed in monetary terms, help employers in the decision-making process. The true value of economic appraisal is in influencing the beliefs of decision-makers and policy makers. For maximum effectiveness in this respect, economic appraisal should be a joint activity of all stakeholders. An effective way is to make financial or economic estimations and give a realistic overview of the total costs of accidents and the benefits of preventing these.
The present review examines the link between Occupational Safety and Health (OSH) and economic
performance, especially as it relates to small and medium sized enterprises (SMEs). It is essential to
stress from the outset that while there is no clear definition of economic performance, there are
indicators that can examine the concept and its importance to businesses.
OSH is not usually viewed as a contributory factor to the economic viability of an organisation.
Compliance with government guidelines, regulations and laws is generally the primary focus of OSH
policies. Perceptions of the connection between effective OSH and the resulting financial benefits
could, and should be improved. The strong economic advantages of good occupational health
practice need to be highlighted continuously to organisations because the failure to acknowledge the
importance of this link will limit the effectiveness of interventions aimed at preventing disease and
injury (Lahiri, Levenstein, Nelson and Rosenberg, 2005; Toffel and Birkner, 2002). Additionally, while
the cost of ensuring safety is important, “unsafety” is also costly (Rimington, 1993). For example, a
reduction of accidents, damage and improvements to poor health can lead to a reduction in costs and
a greater availability of people and plant. This, in turn, can improve efficiency and thereby heighten
the effectiveness of businesses (Smallman and John, 2001).
Nanomaterials possess various new properties and their industrial use creates new opportunities, but they also present new risks and uncertainties. Growing production and use of nanomaterials result in an increasing number of workers and consumers exposed to nanomaterials. This leads to a greater need for information on possible health and environmental effects of nanomaterials.
Cleaners are at risk from exposure to cleaning products through inhalation and skin contact, wet work activities, needle stick injuries and dirt. Skin problems are the most common problem for cleaners, who are also at increased risk of developing asthma, chronic bronchitis and other respiratory problems This E-Fact looks at how to recognise dangerous substances and explains how they can enter the body and cause harm. It also offers ways to prevent or minimise risk.