The International Organization for Standardization (ISO) recently released the new ISO 45001 standard for Occupational Health and Safety Management Systems (OHSMS). Published on March 12, 2018, ISO 45001 provides a framework to improve employee safety, reduce workplace risks and create better and safer conditions for workers everywhere.
Hazards of machinery can cause catastrophic injuries when employees come in contact. Crushing and amputations are devastating to the employee’s quality of life. The employer is faced with many costs of medical expenses, equipment fixes and training. According to OSHA’s $afety Pays Program, an amputation on average has a direct cost of $77,995 and indirect of $85,794. At a 3% profit margin assumption these costs would require an additional $2,859,816 in sales to recover.