Did you know that slip and falls are the number one reason for worker's compensation claims? And, when an employee gets injured, it can actually cost your business a lot of money. It's not just about the pain and suffering of the employee, it can hit your bottom line too. Here are a few ways that employee injuries can affect your bottom line:
Lost productivity - When an employee is injured, they may not be able to work for a while. This means that you're down one team member, which can impact productivity. Other employees may have to pick up the slack, or projects may have to be delayed until the injured employee is back on their feet. All of this can lead to lost productivity, and lost productivity means lost profits.
Workers' compensation - If an employee is injured on the job, they're likely entitled to workers' compensation. This means that your business will have to cover the cost of their medical bills, any time they need to take off work, and potentially even long-term disability payments. These costs can add up quickly and can be a real hit to your business's finances.
Overtime and temporary staff - If an injured employee is out for an extended period of time, you may need to hire temporary staff to fill in for them. Or, if other employees are working extra hours to cover the injured employee's workload, you may need to pay out overtime. Either way, these costs can add up and impact your bottom line.
Reduced morale - When an employee is injured, it can have a ripple effect on the rest of the team. Other employees may feel stressed or overwhelmed by the increased workload, and they may start to feel like your business doesn't care about their well-being. This can lead to reduced morale, which can impact productivity and ultimately, your bottom line.
So, as you can see, employee injuries can be costly for your business. While accidents can happen, it's important to take steps to prevent injuries in the workplace and to have a plan in place for how to handle injuries if they do occur. By taking care of your employees, you're also taking care of your business's finances!
Call Floor Friction today at 203-649-8720 to test your floor safety and recommend remediation, so your employees stay safer, and so they stay working.