Today, information is spread at the touch of a button, and the modern public demand accountability and transparency. Rather than shy away from this, successful companies take advantage of it. Health and safety initiatives are used not only to avoid a bad reputation, but also to build a good one.
The companies at the forefront of this thinking treat their health and safety reputation as a business asset. They have built their success on a strong reputation for doing the right thing – and they like to report on it.
This speaks to the notion of Corporate Social Responsibility (CSR). CSR has become one of the standard business practices of our time, and is now a core strategy for any modern business, big or small. It is the process of building trust with consumers, partners, governments, suppliers, and employees.
Testament to this, a 2016 study found 64 percent of CEOs were increasing their CSR investment1.
So how much is your business reputation worth? A 2013 survey from Deloitte found that damage to a reputation was the number one concern for business executives. In the 2014 edition, 88 percent of executives said they were explicitly focusing on reputation as a key business challenge2.
The survey also found that reputation problems tend to have the biggest impact on revenue and brand value. Companies that experienced a negative reputation event said the areas which were affected the most included revenue (41 percent), loss of brand value (41 percent) and regulatory investigations (37 percent).
But it isn’t all about avoiding reputational disaster – it’s also about promoting a good reputation. The research suggests that a high level of trust within a company drives business performance by attracting new customers and retaining existing ones.
Not only can your safety reputation enable you to maintain your supplier relationships and win business tenders, it also helps to attract and retain your most valuable asset – your employees.
In a tight labor market, promoting a safe work environment is a valuable point of differentiation to your competitors. In fact, a 2017 study found that the safety of the work environment is one of the top criteria employees consider when assessing a job offer or position3. It found that potential employees rank safety ahead of other important considerations, such as the quality of potential coworkers, and opportunities for professional growth.
A good safety reputation can also be used to maintain and promote investor confidence, and develop positive stakeholder engagement. In fact, a 2007 Goldman Sachs survey showed investors were increasingly using workplace safety and health measures to screen out underperforming stocks4.
1 PWC, Redefining business success in a changing world CEO Survey, 2016
2 Deloitte, global survey on reputation risk, 2014
3 Employers, America’s small business insurance specialist survey, 2017
4 Goldman Sachs, Good workplace health & safety = good investment returns, 2007
What is HSE Software and How Does myosh Work?
myosh is a cloud based workplace health and safety platform that works with you and your team.
myosh is fast and fully configurable HSE Software that is easy to use and adapt for any Industries.
Over 50 configurable modules integrate to collect HSEQ data.
Modules are used to manage hazards, investigate incidents, manage risk, conduct audits and much more.
Our mobile app is used for fast data capture in the field, online or offline. Features include QR code scanning, digital signatures, Geo Locations and Geo Fencing, pdf export and more. You can configure mobile forms, visibility and functionality in your Administration panel
The myosh Dashboard provides powerful organisational insight by transforming your hseq data into intelligent visual charts, marps and tables. Up to date data is derived from modules and displayed in an interactive visual format, configured specifically for you and your team.
myosh is built on the Viking PaaS, a super configurable platform with powerful capabilities. Teams can quickly and easily configure the platform to their own very unique end to end process requirements.
We encourage you to treat your software technology like a team member. The myosh academy is designed to empower your team with the skills to ensure they use their software tools productively. Everyone learns differently, so the academy holds a variety of resources including videos, guided learning and verified online learning courses for each myosh module.
Your investment in myosh helps you and your team manage risk, compliance and improve workplace health and safety. Today, successful organisations view safety as an asset, and health and safety spending as an investment. This is because a safe workplace adds measurable business value, and can drive tangible improvements in performance, profit, and culture.
Ask our team for an online demonstration today.
More Health and Safety Resources
The Facts and The Figures
Organisations are constantly reminded that health and safety failure is expensive. And whilst this is certainly true, there are benefits to health and safety success that go beyond cost-avoidance. Today, successful organisations view safety as an asset, and health and safety spending as an investment.
Download the report and discover the tangible and measurable benefits that health and safety initiatives can have on:
- Organisational Productivity
- Safety Climate
- The Bottom Line
Your investment in myosh helps you and your team manage risk, compliance and improve workplace health and safety.
We encourage you to treat your software technology like a team member. The myosh Academy is designed to empower your team with Knowledge, Skills, Tips and FAQS, and to ensure they use their software tools productively.
- Watch videos
- View FAQs
- Take online courses
- Read articles
- Stay informed with myosh Updates