Rising Costs of OSHA Violations & How to Avoid Them
Does your facility consistently meet OSHA standards for safety, or is your bottom line at risk of a serious impact from the recently increased OSHA fines?
Does your facility consistently meet OSHA standards for safety, or is your bottom line at risk of a serious impact from the recently increased OSHA fines?
Predictive analytic software allows a facility to recognize the potential for worker injuries based on historical data and certain common risk indicators. It is ranked as one of the most effective means to reduce safety-related risk. You gain preemptive risk management that keeps employees safe and reduces the costs associated with fatal and nonfatal injuries.
There’s a myriad of risk for employees working in a warehouse or distribution center. Management must not only worry about safety protocol, but the financial impact injuries may cause. Workers’ compensation insurance premiums and claims on your policy are a part of a costly injury equation, but your telematic data could be helping you manage those costs better.
FDA and industry-related regulatory compliance overseen by OSHA can be challenging without a strategy that ensures tracking and visibility as product moves along your supply chain. But, supply chains in the agribusiness can present uniquely difficult challenges and costly to manage if you rely on old methods of management.
Safety is one of the biggest, most costly concerns in the supply chain industry. OSHA violations can deeply impact your bottom line – more so now than ever before. On January 23, 2019, OSHA put an annual adjustment to penalties of violation that raised fine amounts by approximately 2.5% over the 2015 revised amounts.