Employers have two very important issues they must constantly balance: the safety of their employees and the demanding productivity to meet the needs of consumers.
In an attempt to meet consumer demands, this balance can sometimes favor productivity too heavily. When this happens, it puts employees at risk. And that can, according to a recent report, harm overall productivity.
Fewer Injuries Beget Greater Company Profit
According to a 2017 report by the Lockton Companies (the world’s largest privately-held insurance firm), a culture that emphasizes safety first will reduce employee injuries and increase profits. The report notes a number of direct and indirect effects that emphasizing productivity can cause at the expense of employee safety.
For example, a company with a 3% profit margin and that suffers 10 employee strain injuries may have to increase their sales by more than $20 million just to cover the costs associated with those 10 injuries. (It’s little wonder, some insurance companies may try to pay as little as possible to injured workers.) This figure reflects direct costs, such as medical costs and indemnity payments. There are indirect costs, too, like lost time from work, increasing insurance premiums, costs associated with training new employees, and legal issues.
Lockton insists that companies should create a culture of safety in the workplace by establishing detailed rules and visibly enforcing and practicing them.
US Workplace Fatalities Trending Upward
But not all employers establish and enforce safety rules, and the report illuminates this concern. Many companies and managers talk the talk, but don’t necessarily walk the walk. This failure to establish and carry out appropriate safety practices not only harms productivity but can sometimes cost employees their lives.
According to the Bureau of Labor Statistics, the number of employees who die on the clock nationwide has been inching upward since 2013, and North Carolina’s rise in workplace deaths parallels this alarming trend.
Accidents happen, and there is always the possibility of injuries that cannot be prevented through safety training. But when North Carolina workers suffer preventable injuries or deaths, they need an advocate who can stand up and fight on their behalf.
Why James Scott Farrin Workers’ Comp Attorneys?
We are committed to trying to help North Carolina workers and their families find justice in every potential nook and cranny the law allows. Our workers’ comp attorneys are experienced, tough on adversaries, and care about their clients. Who’s on the team?
- Several former insurance company defense attorneys and paralegals.
We’ve worked for the “other side,” so we know what you’re up against.
- More than half of our workers’ comp attorneys are NC Board Certified Specialists in Workers' Compensation law.
This is the highest level of specialization available in NC, and only a small percentage of NC attorneys can make that claim. Very small.
- Two former North Carolina Industrial Commissioners
The North Carolina Industrial Commission (NCIC) is the impartial agency that administers and enforces workers' compensation laws.
- A former North Carolina State Senator
He was elected to serve the seventh district of North Carolina for four terms. And he helped write some of North Carolina’s workers’ compensation laws.
- Several recognized experts in workers’ compensation
Several of our attorneys have more than 10 years of experience. Some speak at seminars for other workers’ compensation attorneys. Others have authored books about other areas of law, and two have collected coveted awards for workers’ compensation, including “Best Lawyer*” and “Rising Star”*. One was named “Super Lawyer”* three times and “Lawyer of the Year”* for Raleigh twice.
- Attorneys who give back
Attorneys who join our side do it because they want to be advocates. This takes a certain mindset and special heart for service. And service to others is not something we take lightly. Nearly every one of our workers' comp attorneys is a member of the North Carolina Advocates for Justice, an organization dedicated to improving the quality of legal representation in our state. Many are very active members in their communities – from teaching at local colleges to counseling the Spanish-speaking community.
Get a Free Case Evaluation by NC Job Injury Lawyers
* For more information regarding the standards for inclusion for Best Lawyers and Lawyer of the Year, visit www.bestlawyers.com. For more information regarding the standards for inclusion for Super Lawyers and Rising Stars, visit www.superlawyers.com.