Ep. 3 - Financial Benefits

Join host Lish Fejer in this episode of The Safety Spotlight featuring Work Health and Safety Commissioner Jacqui Agius and Professor Helen Lingard from RMIT University. They discuss the crucial importance of workplace safety, not just in preventing injuries but also its economic impact. The episode covers the hidden costs of cutting corners on safety, the significance of a proactive safety culture, and the benefits of consulting workers and employing safety by design. Through real-world examples and expert insights, learn how prioritising safety can lead to a healthier, more productive work environment that can ultimately benefit the bottom line.

Chapters

• 0:27 Introduction to Financial Benefits of Workplace Safety
• 2:56 The Hidden Costs of Cutting Corners on Safety
• 4:35 Safety is not an Expense to Cut
• 11:58 Industry-Specific Costs of doing Safety Wrong
• 16:21 The ACT's Healthcare and Education Safety Costs
• 22:20 Construction Safety Risk Case Study
• 26:44 SafeWork Figures on Australia's Workplace Injury Costs
• 27:51 Documentation & Staff Consultation are Key to Cost-Efficient Safety
• 32:06 A Company's Strong Safety Records is Attractive to Workers
• 34:52 The Cost of Safety Failures Shouldn't be the Motivator
• 43:38 Takeaways for Business Owners on Cost-Efficient Safety