OSH regulations and prerequisites differ significantly around the world, Prof. Dietmar Bräunig of the Justus Liebig University Gießen/Germany states, who conducted the study together with Dr Thomas Kohstall of the Institute for Work and Health of the German Social Accident Insurance (IAG). Given this, a general insight into the usefulness of such investments is of interest.
For this reason the researchers interviewed representatives of 300 businesses in 16 countries in 2010 and 2011 on their view on the economic effect of investments into OSH. On this basis a prevention balance could be designed.
The companies involved showed a Return on Prevention (RoP) of 2.2, meaning each Euro invested has an economic potential of 2.2 Euros outcome. This represents the average value; the individual return is reflected also by the economic situation and the market.
The study bases on a standard interview and also showed that other than economic benefits, an improved public image, an improved internal business culture, an increased employee motivation, and a reduction in the number of loss time and business disruptions are further effects of prevention.
This method of prevention balancing required that businesses taking part in the study collected significant experience in prevention, states Dr Kohstall. The researcher assume that companies with lesser prevention commitment in the past would even see higher potentials form improved prevention than the measured index.
Regardless of the region: every business thriving for success should invest in prevention, Bräunig summarizes.
The final version of the reported is to be published in fall 2012.