Workplace Safety 101 - Top Terms, Noteworthy Regulations, and How to Implement Best Practices
According to the International Labor Organization (ILO), the economic cost of
unregulated occupational health and safety practices is estimated to be close
to 4% of the yearly global GDP which is around $3 trillion. Businesses around
the world are paying a steep cost on workplace incidents and safety hazards.
To mitigate damages, organizations must ensure all personnel and equipment
always work within the purview of prescribed guidelines. However, like
everything else, the journey toward achieving complete workplace safety
starts with awareness and education.