When you think of return on investment (ROI), you probably envision some measurable form of monetary return that helps to justify that investment. But with an investment in safety software, measuring that ROI isn’t as clear.
Using safety software for your environmental, health and safety (EHS) operations goes beyond helping you stay organized and adding convenience to your job. Your software often serves to prevent safety-related incidents from occurring, which means you won’t always know that the software is fulfilling that purpose.
This eBook will cover the safety and financial benefits your company receives as a result of using safety software, along with different suggestions on how you can measure the ROI and maximize the value of your software investment.
Chapter 1 – The Benefits of Modern Day Safety Software
When you first invest in software, the potential benefits it will provide should be a top priority. Establishing and maintaining a safe workplace for everyone ultimately contributes to your company’s success, so it’s crucial you understand exactly how to maximize your software to achieve a safer work environment. While this modern, web-based tool can vary greatly on interfacing and special features, most of them serve to offer the same safety benefits:
Safety and Risk Management
Using software to help you generate and utilize data can help you establish where common injuries are most likely to occur, such as slips, trips, and falls. Knowing these locations could help you to implement measures to prevent or eliminate hazards in these areas.
EHS operations largely entail remaining compliant in various practices, along with proper documentation that indicates compliance. Your software can help you track and monitor compliance benchmarks to ensure regulatory requirements—like OSHA, WCB, RIDDOR and MSHA—are met, along with helping employees understand the compliance rules set forth that they will be held accountable for. You can also set compliance schedules and reminders to ensure each standard is being met on time. This can help eliminate potential missed deadlines or oversight on key aspects.
Near Miss Reports
It’s a good idea to report near misses because it gives you and your company an opportunity to examine potential threats and take care of them accordingly. Even if no injury occurred and all forms of disaster were averted, you should still understand that the outcome could have looked much differently. Near miss reporting, as part of the incident management component, can help you report near misses, and ultimately guide you in finding a solution to ensure you can avoid near misses and actual crisis concerning the situation in the future.
Employee Training and Development
Using safety training software isn’t just for managers and supervisors. Depending on your unique business needs, you may find that it provides direct safety benefits to every employee. Software as an on-the-job resource can help employees find answers to their own questions, log important details regarding their work, and receive direct training on specific job elements.
It’s also an opportunity for employees to see and understand the benefits associated with safety practices and procedures, rather than feeling like some measures are overly cautious or simply not necessary. Plus, various training key performance indicators can be used to easily analyze how many employees are compliant with various regulatory requirements.
Safety is everyone’s responsibility. By getting every employee involved in using software, you are putting accountability directly into their hands. Keeping employees engaged and hands-on in these practices can help foster your company’s safety culture. In addition, maintaining an active safety culture can help boost employee morale by showing the employer put its workers’ safety as top priority. High morale has been known to help reduce costly turnover and absenteeism, while providing a general boost in worker satisfaction.
Download the eBook to learn more!