Any safety strategy will improve competitiveness according to the following World Economic Forum graph.

However, too much safety can cause problems due to excessive costs and reduced productivity. Excessive costs are typified by excessive insurance premiums and reduced productivity is typified by project management workday definitions changing from 6, down to 4 hour “man-days”.

Almost every industry can benefit from having a sound Safety Strategy in place. The benefits of having a safe organisation are many but more often than not, having a comprehensive Safety Strategy will have financial, morale and time benefits.