Investing is a dirty word these days (just ask the friends of Bernard Madoff!). The market spits and sputters upwards a little one day and comes clattering and smashing down - a lot - the next. Companies are laying-off workers; "well-established" companies aren't, as it turns out; and people are suffering from a new disorder: spending anorexia. Let's face it...the economy is like a fish freshly plucked from the sea of taxpayer bail-outs and is thrashing about gasping for... fluidity! So, how about some well-deserved (and much-needed) optimistic rays of sunshine to soothe your dry and thirsty bones in this era of 1929 re-visited? We thought so...
There is no better subject with which to "grace" our inaugural Blog than to tell you there is hope on the horizon of our economic recession. If your company is suffering from slumping profits, don't despair! Now is the time to dig your heels in and get back to basics. One way is to focus on safety. Did you know that studies show focusing on safety will increase profits and employee productivity? Let us tell you the story of a company named Ritrama. A couple of years ago, OSHA visited Ritrama and found their focus on safety to be short-sighted. They had racked up several serious violations and were looking at forking out thousands of dollars in fines. So, they decided to get serious about safety.
Soon, the time and money savings were evident. The company reported from the years 2000-2003 they saved $44,000 in workers' compensation premiums. Additionally, they increased productivity and the quality of products to the equivalent of a sales increase of 7.5%. Moreover, the amount of waste from manufacturing defects went from $2.7 million in 2001 to $435,000 in 2005. That's a savings of almost a half million dollars a year! But don't take our word for it. You can read the entire study by clicking here.
Safety is not a profit-taker; it's a profit-maker! Don't let the sagging economy threaten your bottom line. Let us help you focus on safety so you can reap the benefits...visit us at http://www.graceport.com/!
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