Wage Analysis as a Possible Solution for Injuries in the Workplace
It isn’t uncommon for employees within certain roles to receive increased compensation based on the danger they face each day in many industrial and manufacturing industries. Often known as “Hazard Pay,” this additional compensation is offered to assist with potential physical discomfort or distress that can occur while on the job. But what role does this increased pay actually provide when dealing with possible injuries in the workplace?
One of the best ways for a business to determine an appropriate level of hazard pay is to perform a wage analysis. With this approach, the organization can compare the current salary and benefits packages to similar businesses in the same industry. In addition to this, it is vital to understand which roles are most at risk and when hazard pay is actually recommended. Although, with the information gleaned from a wage analysis, these factors become much easier to decipher.
How Can Wage Analysis Decrease Workplace Injuries?
While understanding potential risks associated with a position can help prevent workplace injuries, it is essential first to ensure that the most experienced and skilled employees are put into risky positions that could result in potential injuries when inexperience is a factor. Not only will this ensure that they know what safety steps are required to complete a job safely, but it will ensure that the processes they are involved in aren’t negatively impacted. Many employers likely already know that a wage analysis can help attract the best talent possible whenever vacancies become available within an organization.
Job hazard recognition often gives employees the confidence they need to avoid workplace injuries. While this is a multi-pronged approach to decreasing potential injuries that could occur, some common things to keep in mind are review previous injury records for trends and visually reviewing the worksite for potential issues that could contribute to high injury numbers – particularly those that are avoidable with the proper foresight. Elevating pay scales to match the present conditions can also help provide employees with the reminder that they need to maintain safety at all times.
While the benefits of a wage analysis and increased pay play a far more minor role in decreasing workplace injuries than other considerations, its importance shouldn’t be negated. Finding the right balance between pay and workplace safety programs can help reduce injuries a priority for everyone and help ensure morale remains high among employees. Without focusing on these efforts, injuries will continue to fragment headcounts while also creating productivity voids.
Certified Source helps ensure safety remains a priority through our performance based staffing solutions. With this approach, employers can cycle employees among high-risk positions to ensure they don’t suffer from potential burnout or other issues affecting job performance or at-work focus. One added benefit of this approach is that all pay scales and wage analysis needs are completed externally. An employer can focus on running operations and ensuring the best product possible for customers.