ISO 45001 specifies occupational health and safety management system requirements (OHS).

An ISO 45001 management system improves safety, productivity, and cost for businesses and their employees. ISO 45001 benefits all businesses, regardless of size or industry.

Consider these 12 benefits when weighing the new standard’s pros and negatives.

12 Advantages Of ISO 45001

1. Enhance Employee Safety

ISO 45001’s most evident advantage is its ability to reduce occupational diseases and injuries. Bureau of Labor Statistics data reveals that 5,147 people died on the job– more than 14 a day (BLS). ISO 45001 provides your business with the means to save lives and avoid harm.

2. Improve Stakeholder Faith

Compliance with the ISO 45001 standard is a means to demonstrate to consumers, investors, and authorities that you are serious about protecting people. When stakeholders have faith in your ability to maintain a safe workplace, they are more likely to conduct business with you.

3. Increase Efficiency

According to the International Labor Organization, 374 million nonfatal work-related injuries occur a year, resulting in more than 4 days of missed work. When an injured worker is unable to return to work, productivity declines. You lose time during the replacement’s hiring and training. And if any equipment is destroyed as a result of the accident, you may be required to temporarily suspend operations.

4. Reduce Insurance Premiums

Similar to how being a safe driver can help keep your vehicle insurance rates low, ensuring workplace safety can help keep commercial insurance prices low. By reducing the risk of harm, you reduce the likelihood that an employee will need to file a claim. Employers who successfully adopt an ISO 45001 management system may experience decreased out-of-pocket costs and insurance rates, including worker’s compensation.

5. Encourage Managerial Participation And Accountability

The new IS0 45001 standard requires a commitment to safety from the top down. By integrating safety and health into a company’s management structure, ISO 45001 holds C-suite executives liable for employee health.

6. Reduce The Danger

Organizations can use ISO 45001 to identify potential safety issues before they contribute to an accident. By tackling operational risks, a firm will experience fewer unpleasant surprises.

7. Identify Opportunities

ISO 45001 is not only concerned with risk, though. Employers can reveal possibilities to enhance safety and productivity by recognizing possible dangers.

8. Establish Yourself As A Market Leader

The ISO 45001 standard was released in 2018, making it a relatively recent development. Organizations can distinguish themselves by achieving compliance with the new standard among the first to do so.

9. Gain A Competitive Advantage

It is important to note that some governments and businesses, notably those, tend to see organizations that implement ISO standards favorably. Using the ISO 45001 standard may provide your company an advantage when competing for employment or contracts.

10. Engage Personnel In Safety

Participation from employees is vital to the success of any safety program. The ISO 45001 standard provides an organized method for promoting worker engagement and consultation.

11. Make The Transition From Reactive To Proactive

Proactive safety culture is widely recognized as a crucial component of sustainability. ISO 45001 demands businesses to proactively identify causes or circumstances with the potential to cause harm, as opposed to the OHSAS 18001 standard, which is solely focused on controlling identified risks.

12. Display Your Dedication To Safety

The ISO 45001 standard is an internationally recognized emblem of safety excellence. Using ISO 45001, enterprises can demonstrate that they adhere to health and safety best practices. Some firms may even elect to pursue certification for its added credibility.