12 Benefits From ISO 45001

ISO 45001 refers to an international standard that specifies the requirements for an OHS management system.

An ISO 45001 Certification Australia can provide many benefits for employees and organizations. This is not only for multinational enterprises, but any organization can benefit from ISO 45001 regardless of its size or industry.

When weighing the pros & cons of adopting the new standard, these 12 benefits might be worth your consideration.

1. Increase Employee Safety

ISO 45001 has the obvious advantage of reducing workplace injuries and illnesses. There are more than 14 deaths per hour. Your organization has the tools necessary to save lives or prevent injury with the ISO 45001 standard.

2. Steady Increase Stakeholder Confidence

In addition to the obvious benefits, ISO 45001 compliance is a way for customers, investors, regulators, and others to see that you care about safety. If stakeholders feel confident in your ability to provide a safe environment for employees, they are more likely to do business. You’re less likely for them to scrutinize every decision that you make.

3. Productivity Improvement

According to the International Labor Organization (ILO), there are 374,000,000 non-fatal work-related injuries each year that result in more than 4 days of absence from work. Productivity is affected when workers are injured and cannot return to work. This means that you lose time in hiring and training replacements. If equipment is damaged, it may be necessary to temporarily suspend operations.

4. Lower Insurance Costs

In the same way, safe driving can reduce your auto insurance rate, workplace safety can help lower the cost of commercial insurance. The risk of injury is reduced, which will reduce the chance that a worker will need a claim. Employers that implement an ISO 45001 management program may have lower out-of-pocket expenses and premiums. This includes worker’s comp.

5. Management Involvement And Accountability Are Encouraged

The new IS0 45001 standard requires a top-down commitment towards safety. ISO 45001 holds the C-suite accountable for worker health and safety by making safety and well-being a central part of an organization’s management systems.

6. Reduce Risk

ISO 45001 is a framework to help organizations identify safety hazards and prevent them from causing an accident. You will be less likely to have surprised by addressing the risks in your operation.

7. Recognize Opportunities

ISO 45001 does not just focus on risk. Employers can identify potential hazards and uncover ways to increase safety, productivity, and quality.

8. You Are An Industry Leader

Although the ISO 45001 standard was first published in 2018, it is still quite new. Companies can stand out by being one of the first to meet the new standard.

9. Get A Competitive Edge

It’s important to note that ISO standards are favored by some countries and businesses, particularly in Europe. Use the ISO 45001 standard to give your business an advantage when bidding for work and contracts.

10. Safety Is A Team Effort.

A successful safety program requires employee involvement. ISO 45001 provides a structured approach to encourage worker participation and consultation.

11. Shift Away From Reactive To Proactive

Proactive safety culture is widely accepted as a key ingredient for sustainability. ISO 45001, unlike OHSAS 18001, requires organizations to identify and prevent potential harm from sources.

12. Demonstrate Your Commitment Towards Safety

The ISO 45001 symbol is an internationally recognized symbol for safety excellence. Organizations can use the ISO 45001 standard to show they adhere to safety and health best practices. Some organizations might even choose to seek certification.