Corporate financial decision-makers' perceptions of workplace safety

Yueng Hsiang Huang, Tom B. Leamon, Theodore K. Courtney, Peter Y. Chen, Sarah DeArmond

Research output: Contribution to journalArticle

30 Scopus citations

Abstract

This study, through a random national survey, explored how senior financial executives or managers (those who determined high-level budget, resource allocation, and corporate priorities) of medium-to-large companies perceive important workplace safety issues. The three top-rated safety priorities in resource allocation reported by the participants (overexertion, repetitive motion, and bodily reaction) were consistent with the top three perceived causes of workers' compensation losses. The greatest single safety concerns reported were overexertion, repetitive motion, highway accidents, falling on the same level and bodily reaction. A majority of participants believed that the indirect costs associated with workplace injury were higher than the direct costs. Our participants believed that money spent improving workplace safety would have significant returns. The perceived top benefits of an effective workplace safety program were increased productivity, reduced cost, retention, and increased satisfaction among employees. The perceived most important safety modification was safety training. The top reasons senior financial executives gave for believing their safety programs were better than those at other companies were that their companies paid more attention to and emphasized safety, they had better classes and training focused on safety, and they had teams/individuals focused specifically on safety.

Original languageEnglish (US)
Pages (from-to)767-775
Number of pages9
JournalAccident Analysis and Prevention
Volume39
Issue number4
DOIs
StatePublished - Jul 1 2007

Keywords

  • Corporate financial decision-maker
  • Safety concerns
  • Safety priority
  • Safety program

ASJC Scopus subject areas

  • Human Factors and Ergonomics
  • Safety, Risk, Reliability and Quality
  • Public Health, Environmental and Occupational Health

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