| How This Safety Strategy Will Save You Money |
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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”.
Another obstacle to cost-effective safety measures are the safety plateau, exemplified as follows:
This means that increasing safety budgets will not result in sustained safety improvements. The average executive today sits with a substantial problem regarding safety because political and regulatory pressure has increased, while increased expenditure will not result in a satisfactory conclusion of that pressure. On the contrary, expectations increase with the associated increase in frustrations. All safety practitioners are working towards solving this problem at all levels of endeavour. What distinguishes Multiply Safety is that it is the only agency that recognises that deconstruction is causing the safety plateau as well as the cost unbalance found in safety today. Deconstruction means that safety is seen as a transcendental signifier of which everyone has his/her own perception. This is a strategic oriented problem requiring the immediate attention of senior executives. The business case motivating Multiply Safety’s services and advice is as follows:
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