Executive Overview: The ROI of Safety. A 360° view. Evaluating the data and dollars.

As a company leader you know the importance of investing in safety. And when your EHS team comes to you to make a case for funding a new safety initiative, they are likely to lead with a projected ROI, which is an important consideration. However, it shouldn’t be the only one.

There are other aspects that factor into making informed decisions, and this Executive Overview from Red Wing outlines some questions and topics to look for beyond ROI, for instance:

  • Is this new safety effort in alignment with your organization’s current and future goals?
  • Is it doable? Are the right resources and people in place to implement a new initiative?
  • What to look for when evaluating direct and indirect costs to the company along with helpful calculators that can provide general costs for specific scenarios.
  • Will employees be able to see how this initiative will benefit them?
 

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