Benefits to ISO 45001
ISO 45001 defines the requirements of an occupational health and safety (OHS), management system.
If implemented correctly, ISO 45001 management systems can offer many benefits for both employees and companies. They include higher productivity, lower costs, better safety, and increased productivity. ISO 45001 does not have to be used only by large enterprises. It can also benefit all organizations, no matter their size or industry.
Consider these 12 benefits when you weigh the pros and cons of implementing the new standard.
12 The benefits of ISO 45001
- Employee safety can be improved
- Stimulate stakeholder confidence
- Increase productivity
- Lower insurance costs
- Encourage management involvement and accountability
- Reduce risk
- Identify potential opportunities
- Position yourself as an industry leader
- Gain competitive advantage
- Get employees involved in safety
- Shift to proactive from reactive
- Demonstrate that you are committed to the safety
1. Employee safety can be improved
ISO 45001 can reduce workplace injuries or illnesses. This is the most obvious benefit. The Bureau of Labor Statistics reported that 5147 Americans were killed on the job in 2017. This is more than 14 deaths a day. Your organization will have the tools it needs to save lives and avoid injuries by using the ISO 45001 Standard.
2. Stimulate stakeholder confidence
Complying with ISO 45001 standards is not only a good way to show investors and customers that you are serious about keeping people safe. Your ability to create a safe working environment will make stakeholders more likely to work with you. They are less likely not to scrutinize every single decision they make.
3. Productivity improvement
According to the International Labor Organization (374 million non-fatal workplace injuries per year), Productivity suffers whenever a worker is injured or can’t return to work. It is difficult to find and train a replacement. If equipment is damaged or lost in an accident, your operations may need to be temporarily stopped.
4. Lower insurance prices
Being a safe driver will help you keep your auto insurance rates down. Likewise, ensuring safety in the workplace can help reduce the cost of commercial insurance. A decrease in injury risk can also reduce the likelihood of a worker needing to file a claim. Employers who use a successful ISO 45001 management process may be able to enjoy lower out-of-pocket expenses and premiums (including worker’s compensation).
5. Encourage management involvement and accountability
The new IS0 45001 standard demands a top-down commitment to safety. ISO 45001 holds all C-suite executives responsible for employee wellness by making safety and health a core part of the organization’s management systems.
6. Reduce risk
ISO 45001 gives organizations a framework to identify potential safety threats before they lead to an accident. Your company will experience fewer unwelcome surprises if it addresses potential hazards within its operations.
7. Identify potentials
ISO 45001 is not only about risk. Employers can identify potential hazards to help them find opportunities to increase safety or productivity.
8. Position yourself as an industry leader
The ISO 45001 standard was released in 2018. It is therefore still relatively recent. Companies can be distinguished by being the first to adopt the new standard.
9. Gain competitive advantage
It’s important to remember that ISO standards are highly valued by many countries and businesses, especially those in Europe. If your business is bidding for work, or contracts, the ISO 45001 Standard may be a benefit.
10. Safety: Get employees involved
Participation by employees is key to any safety program. ISO 45001 offers a structured method to promote worker participation.
11. Shift to proactive from reactive
An integral part of sustainability is a culture that promotes safety. This is widely accepted. ISO 45001 mandates organizations to be proactive in identifying potential hazards and sources, as opposed to OHSAS 18001 which was focused on controlling known hazards.
12. Demonstrate that you are committed to the safety
The ISO 45001 international standard is widely recognized as an international symbol of safety excellence. Employing the ISO 45001 symbol can help organizations show that they have followed safety and health best practices. Some companies might choose to obtain certification for additional recognition.
You can see that there are many benefits to implementing ISO 45001 regardless of how big your company may be.