Companies Attempt To Save Money On Employee Health Costs

All across the globe, companies are trying to reduce the cost of accidents and employee sickness on their company

. Many millions of pounds are spent each year to pay for such events, and with the recession pushing every business to tighten its belt, this is a key area to financially evaluate.

More companies in the US are attempting to curb their health costs by asking employees to give blood samples. This is in an effort to analyse an employees health and as a result gain a better outlook of their health, which results in better health insurance premiums.

In the UK, businesses are realising the benefits of conducting regular health and safety risk assessment reports. This means that a company or health and safety expert come into your place of work and evaluate working conditions. This includes anything from trip hazards to working temperatures and everything in between. Completing a regular HSE Risk assessment is important in any type of business, from office work to manual labour.

One employer commented, Health and safety is important in my company not least for the fact that my employees work in safe conditions. However, it does also save my company money. By spotting risks early on, there is a reduced risk of injury. This means that employees are less likely to go off sick or on long term absence. The cost of this to my business is great, especially if it is a key member of my staff like one of my line managers or business managers. The expense of paying out for temporary staff is too big to contemplate, and the business could suffer as a result.

Any business can outsource this service to a professional Health and Safety company. This kind of company will be able to help with carrying out in depth analyse of a business and its health and safety. Every company has a duty to provide their staff with a safe working environment to spend their time in, and it is common place in most businesses to have a health and safety induction for each new staff member that joins a company. This allows the new member of staff to know where all of the fire exits are, where to go and who to speak to if they have an accident in the workplace, and the business ethos on health and safety in general.

by: Oliver Drubridge

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