Since most organizations view safety a cost center, rather than a generator of profits, calculating your return on investment isn’t always simple. However, if the money you spend to improve safety results in lower costs of accidents, you know that the investment paid off. The goal of this article is not so much to review bookkeeping as it is to discuss ensuring the efficiency and effectiveness of safety-improvement efforts.
 
Not all attempts to improve safety make economic or strategic sense. Some simply don’t work; others cost significantly more than they save. The goal of safety ought to ...