Why safety should be viewed as an investment for contractors and not an expense

Construction sites are high-risk environments, and ensuring worker safety should be a top priority for contractors and project managers. But while many view safety measures as an unnecessary expense, the truth is that investing in safety can actually improve worker performance, increase staff retention and increase overall efficiency on the job.

Studies have shown that workers who feel safe and secure on the job are more motivated and focused, leading to increased efficiency and faster project completion times. In a survey of over 1,000 construction workers, 81% reported that they feel more productive when they feel safe on the job. And according to the National Institute for Occupational Safety and Health (NIOSH), workers who report high levels of job stress have a 60% higher rate of injury compared to those with lower stress levels.

In addition to improving worker performance, a safe work environment can also improve employee morale and reduce turnover. A study by the Construction Industry Institute found that companies with high safety performance had up to 50% lower turnover rates compared to companies with lower safety performance. When workers feel that their employer is committed to their well-being, they are more likely to feel valued and engaged, leading to higher job satisfaction and a lower risk of burnout. This in turn can result in a stable, highly-skilled workforce that is more likely to deliver high-quality results.

Investing in safety can also help build a positive reputation in the construction industry. A survey by the Associated General Contractors of America found that 96% of construction firms believe that a strong safety record is important in winning new business. Companies with a strong safety record are more likely to win new contracts, earn repeat business, and attract top talent. A good safety record can also serve as a competitive advantage, differentiating a company from its peers and helping it to stand out in a crowded market.

Ultimately, investing in safety is not only the right thing to do, it's also good for business. By improving worker performance, reducing turnover, and building a positive reputation, companies that prioritize safety are more likely to achieve success in the long run. So rather than viewing safety measures as an unnecessary expense, contractors and project managers should view them as a valuable investment that drives improved performance and efficiencies.