Many times, safety and risk management fail to communicate those costs in methods that management recognizes. Methods to measure and compare cost of accidents and risk vs. financial performance elements such as gross revenue, gross profit, net profit and pennies per share will be discussed.
This session will also explain how safety professionals can articulate to corporate officials and directors the importance of safety and how it can be a profit center as well as achieve operational excellence for the company. The program will discuss best practices and strategies to avoid or quickly recover from business losses and bad publicity as a result of a catastrophic accident occurring at your work place.
Why you should Attend
Very few companies know how much it costs them when one of their employees is injured. Even fewer companies recognize the significant impact a fatality or catastrophic accident can have on its brand, its stock price and its profitability.
This session will examine the hidden costs and corporate impact of a poor safety program and how to protect your company's image and bottom line.
Areas Covered in the Session
- Understand the hidden costs associated with a catastrophic accident and the true cost of an injured employee
- How to effective deal with fatalities and catastrophic accidents and return the facility back to normal operations
- Understand best practices and strategies for protecting and restoring your company's brand and stock price after a fatality or catastrophic accident
- Be able to speak the C Suite language to demonstrate the importance of safety on the company's image and bottom line
- Be able to effectively communicate cost of risk and safety to management in financial terms rather than standard safety statistics
Who Will Benefit
- Safety Directors
- Safety Professionals
- HR Directors and Managers
- Production Managers
- Workers Comp Managers
- Safety Committee Members
- Maintenance Department Managers
Edwin G. Foulke, Jr. is a partner in the Atlanta office of Fisher & Phillips LLP. Ed also serves as President of Fisher Phillips Safety Solutions LLC. Prior to joining Fisher & Phillips, Ed was the Assistant Secretary of Labor for Occupational Safety and Health. Named by President George W. Bush to head OSHA, Ed served in that capacity from April 2006 to November 2008.
During his tenure at OSHA, workplace injury, illness, and fatality rates dropped to their lowest levels in recorded history. For more than 30 years, Ed has worked in the labor and employment area, focusing on occupational safety and health issues. He also served on the Occupational Safety and Health Review Commission in Washington, DC, chairing the Commission from March 1990 to February 1994.
Ed has been named one of the "50 Most Influential EHS Leaders" by EHS Today magazine for several years and named one of the "50 Most Influential EHS Leaders" in the United States by Occupational Hazards magazine. He is recognized as one of the nation’s leading authorities on occupational safety and health issues.