Responsive Menu

The Cost of Doing Nothing: Vulnerabilities Exposed

Every Business Should Have a Workplace Violence Plan Including Panic Buttons 

In the midst of busy day-to-day operations, it’s easy to lose track of the number of “fires” that need to be extinguished. A common theme we’ve seen as we talk to our clients is the rising number of operational disruptions that are caused by a lack of safety precautions. Take a moment to conduct a quick root-cause analysis based on your last 10 disruptions. 

  • Was someone injured or attacked at work?   
  • Have you had challenges with an employee who has suffered lower productivity, increased absences, or resigned – common outcomes from employees who do not feel physically or psychologically safe?  
  • How likely is company morale and your culture related to people not feeling taken care of or trust lost based on a lack of follow-through from previous events?   
  • Has the above resulted in discussions about the risk of unionization among your staff?  

In this post, we’ll explore the impact of workplace violence on businesses and the undeniable link between preventative planning and a positive return on investment (ROI). 

The Rising Threat of Workplace Violence 

The disturbing fact is workplace violence continues to trend upwards.  According to the “Indicators of Workplace Violence, 2019” report released in July 2022 by the Bureau of Justice Statistics, BLS and the National Institute for Occupational Safety and Health (NIOSH), “Victims of workplace violence can suffer from lasting physical and psychological problems and bear the financial burden of care after experiencing a violent incident. Workplace violence can also affect co-workers, witnesses, and victims’ families.”  

Businesses are already grappling with labor shortages and escalating costs of goods now face the added challenge of maintaining operational efficiency and profitability.  In response, many companies resort to cost-cutting measures, many that compromise their staff and their business.  In some cases, many businesses in fact doing little to nothing to prevent workplace violence incidents from occurring or have plans in place to mitigate these events.  However, what these businesses fail to recognize is that cutting corners on safety has far-reaching consequences beyond just the immediate cost savings.  In fact, doing nothing can be expensive. Workplace violence results in both direct and indirect costs that can cripple a business: 

  • Organizational Disruption: disrupt operations and affect productivity and morale 
  • Physical Damage: property damage and repairs are costly 
  • Reduced Productivity: employee trauma impacts efficiency and effectiveness 
  • Compromised Customer or Patient Care: employee burnout results in increased errors 
  • Workers Compensation: with financial and productivity impacts 
  • Regulatory Fines: non-compliance can lead to hefty fines 
  • Employee Wellness: psychological toll can lead to increased turnover 
  • Reputation Damage: negative reviews on recruiting or review platforms and others can harm business reputation 

The ROI of Safety Planning 

Investing in workplace safety planning is the key to combating workplace violence challenges and protecting employees. According to the Occupational Safety and Health Administration (OSHA), businesses see an average return of $4 to $6 for every dollar invested into their workplace safety programs. While not all incidents are preventable, preparation and planning can significantly reduce their frequency and severity.  Preventative planning is the linchpin in reducing the workload businesses face due to workplace violence.  By making investments in employee safety procedures and technology to support their teams’ companies not only protect their employees and provide peace of mind, but also improve their businesses’ financial outlook.  Beyond the immediate costs, the long-term benefits of protecting employees and maintaining a safe work environment far outweigh the savings from cost-cutting measures – or from simply doing nothing.  Prioritizing safety isn’t just good for business; it’s essential for ensuring a company’s success, reputation and profitability.   

What’s next?   

Need help building a reliable workplace violence prevention plan?  We’ve put together a helpful resource to outline all elements you should consider including communication and training, risk assessment planning, emergency response procedures, wireless panic buttons and support services.  As you and your team investigate the operational procedure options you may also consider workplace security measures including technology options to safeguard your teams.  With a variety of solutions on the market you may find our panic button checklist a helpful resource to guide your team.   

How ROAR Can Help 

ROAR’s mission is simple yet critical: to safeguard your employees precisely when and where they need it most. When employees feel safe, it not only elevates their performance but also positively impacts the communities they serve, as well as your organization’s bottom line. According to OSHA, U.S. businesses suffer direct costs of nearly $2 billion annually due to workplace injuries and health-related issues.   Indirect expenses are likely considerably higher, including costs associated with retraining, increased insurance premiums, attorney’s fees, lost time, worker replacement, and loss in productivity. ROAR panic button solutions protect your employees and your business’ interests.  Our dedicated team is committed to ensuring your investment in our solutions surpasses your expectations, and we offer pre- and post-staff safety satisfaction surveys to demonstrate the positive return on investment when it comes to prioritizing safety.  

Ready to find out how our game-changing wireless panic button solution can improve your workers’ safety and your bottom line? Contact us today to learn more about our solutions.   

About Author

Yasmine Mustafa

Yasmine Mustafa believes ROAR found her, not the other way around. A former refugee and undocumented immigrant, she draws upon her unique life experiences to lead ROAR in its mission to empower and protect workers across all industries. Her journey is a testament to resilience and unwavering commitment. With over 15 years of leadership in the tech industry, including the successful sale of her first company, 123LinkIt, to a firm in Silicon Valley in 2009, Yasmine is a driving force for positive change, balancing profits with purpose. Yasmine’s workplace safety advocacy and leadership have earned recognition from the BBC, CNBC’s Upstart 100 and the City of Philadelphia. Yasmine is a highly sought-after conference speaker. A two-time TEDx speaker, Yasmine has also presented at the prestigious SXSW and CES conferences, sharing her deep passion for harnessing technology for positive change. Beyond her professional life, Yasmine enjoys time spent with friends and family, exploring the outdoors, biking, and hiking. She also dedicates her time to the boards of Coded by Kids, Leadership Philadelphia, and the Philadelphia Alliance for Capital and Technologies.

Leave a Reply

Your email address will not be published. Required fields are marked *