The inherent value of occupational health and safety (OHS) for every business and organization makes it seem unimaginable that anyone would argue the importance or necessity of protecting workers on the job.
So why can it be so difficult to obtain additional and necessary investment to improve safety performance? Perhaps the answer lies in the capitalist axiom that business is business, after all, and any investment made must be measured by a resulting payback.
When it’s necessary to quantify environmental, health and safety (EHS) investment dollar benefits, return on investment (ROI) comes into play. And, while there are many tools and calculators available to help construct an ROI, before spending the time and effort to build a business case, it’s necessary to understand a couple of fundamental things – namely, for whom ROI is important and whether it is truly how a business thinks about safety.