Institute for Work & Health
While employer expenditures on occupational health and safety (OHS) in Canada can be substantial, the financial benefits of these expenditures are not well understood. To learn more about the range of financial returns on employers’ investments in the prevention of work-related injury and illness, the Institute for Work & Health (IWH) conducted a study estimating the financial benefits that may be realized by Ontario employers who are strong OHS performers.
The study found positive returns for strong OHS performers in the three Ontario sectors it examined: manufacturing, construction and transportation. The findings were based on a set of plausible assumptions used by the study team—a crucial one being an estimate of the intangible benefits of strong health and safety performance.