Michael Saltzstein – An Overview to Occupational Health and Safety Risk Management for Companies 

Occupational health and safetyare the schemesthat companies implement to ensure thewelfare of their employees in the workplace. These programs focus on preventing the occurrence of life-threatening injuries or illnesses to the employees when they perform their duties. Moreover, the regulatory authorities promulgate specific occupational safety guidelines that theseenterprises must follow to ensure injury-free business premises.The non-compliance with these statutory rules endangers the employees’ lives and makes the companies liable to monetary fines. 

Michael Saltzstein is a legal risk management specialist from America with years of valuable experience under his belt. He specializes in areas such as loss control, alternative risk financing, workers’ compensation, occupational safety, technology solutions, and crisis leadership. He even has in-depth practical knowledge of change management, deductible analysis, strategic alignment, actuarial studies, corporate negotiations, and growth strategies.He is even a former US swimming official and themastermind in implementing a comprehensive six-point plan that aims to eradicate sexual misconduct in the sport.

He says all companies need a comprehensive risk management strategy specifically dealing with occupational health and safety. Risk management refers to the process of recognizing, analyzing, and monitoring potential threats to the companies’ business operations. This strategy should highlight and categorize the various risks the employees face in the course of discharging their responsibilities. These could include:

  • Safety hazards resulting from spills, accidental falls, or injuries they sustain operating machines,
  • Biological hazards due to exposure to viruses, toxic chemicals, bacteria, molds, and fungi,
  • Ergonomic hazards because of repetitive movement, incorrect sitting posture or heavy lifting, 
  • Physical hazards resulting from the exposure to loud noise, radiation or heat, and
  • Psychosocial hazards arising from long working hours or workplace harassment.

Reasons to have an occupational health and safety risk management strategy?

Formulating a suitable occupational health and safety risk management strategy makes the employees feel the companies appreciate their contribution.They know theiremployers will only allow them to perform hazardous tasks under proper supervision and guidance. This enhances their loyalty to the enterprises and makes them think twice aboutchanging jobs. It also enhances their productivity by causing fewer workflow disruptions within the business premises. Even the companies are less likely to face work-injury-related lawsuits, which can bea drain on their cash flow.

The benefits of having an occupational health and safety risk management strategy for companies are as follows:

  • Boosts the employees’ morale and productivity,
  • Eliminates unnecessary financial costs resulting from workplace accidents,
  • Lowers the premium on the companies’ workers’ compensation insurance policy.
  • Increases business efficiency,
  • Improves the enterprises’ public image, and
  • Ensures compliance with statutory regulations relating to occupational safety.

Michael Saltzstein sums up by saying that implementing an occupational health and safety risk management strategy enables companies to improve employee relations and productivity. However, the enterprises need to keep in mind certain factors when formulating this plan.It should contain guidelines on performing risk assessments, safety inspections, responding to workplace hazards, and dealing with work-related accidents. The strategy should also contain procedures on how to conduct safety training for the employees.