We previously wrote about the unanticipated benefits of employee safety platforms in the post 8 Other Uses of Wearable Panic Buttons in Hotels. The current perception in many industries, particularly the hotel industry, is that staff safety solutions are simply a compliance requirement or legal necessity. Moreover, workplace panic buttons and duress systems are perceived as an extra expense, an added hassle that requires maintenance and extra labor for those involved, perhaps with greater cost than benefit or return on investment.
As a mission-based company, we’d like to help reframe this perception and showcase how implementing a staff safety solution provides more benefits than anticipated. We believe providing employee safety devices to workers will result in cost-savings, reducing risk and long-term expenses.
The ROI Calculator
We spent countless hours reviewing market research from trusted sources and sifting through industry studies to validate the assumption that employee safety devices result in cost savings to employers.
The result is an ROI calculator that allows any hotelier, healthcare administrator, or business owner to articulate the value of the solution customized to their property. Yes, there are costs to rolling out panic buttons to staff, however, this tool provides an understanding of the qualitative and quantitative benefits that lead to cost savings.
Our ROI Calculator is an estimation tool that generates a customized summary based on your unique data. Inputs include:
- workers’ comp claims
- employee headcount
- facility or property size
Other statistics, such as rates of assault, turnover costs, and average liability costs, are drawn from research done by credited sources, such as OSHA, to calculate your custom return on investment.
It only takes 30 minutes to walk through the calculator together.
The Unanticipated Cost of Sexual Assault and Harrassment
It’s important to take into consideration the value of protection against sexual assault and injury in the workplace, as serious unmet safety concerns have dire consequences for the entire team, not just the victim of the assault or harassment. Here is one example that highlights the financial repercussions for staff who experience sexual harassment in the workplace. The lifetime cost of workplace sexual harassment and retaliation can range from $125k to $1.3 million.
These costs can have especially dire consequences for those working low-wage jobs such as housekeepers, where the loss of earnings translates to higher financial charges, lowered credit scores, mounting debt, repossession of cars, evictions from housing and temporary homelessness, reduced retirement security, and more.
Ready to reap the benefits of staff safety?
Our staff safety experts are available to explore the ROI for your organization, facility, or property. You’ll walk away with a board-ready business case with the data you need to protect your team. Let’s cultivate a safer workplace together.