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Successful Risk Managers In The USA

Successful risk managers in America can expect to earn a very good salary at the executive level. While the salary varies by years of experience and the size of the company, Salary.com reports that the median income of top company risk managers is somewhat over $180,000. Even the bottom 10 percent are expected to earn over $100,000. Meanwhile, top earners may enjoy an income that is close to $300,000. Considering how much a successful risk management program can save companies, it is no wonder that these top executives enjoy good compensation.

Topics: risk management Updates & Viewpoints

Tips For Communicating Safety Requirements To Employees

The best safety management system in the world won't help reduce workplace injuries and illnesses if employees don't understand how it applies to them. On the other hand, effective communication lowers the chances of accidents at work. In addition, the Occupational Health and Safety Administration, or OSHA, says that it is the employer's responsibility to make sure all employees understand safety procedures. Employers must fulfill communication requirements in order to stay compliant. Typically, communication becomes one of the risk manager responsibilities, so it might be time to review some effective strategies.

Topics: Safety Management & Risk Control

Spotting Safety Risks And Hazards In The Workplace

Surprising or not, the most common causes of workplace injuries and illnesses are usually quite minor and easy to fix. For most companies, the key to spotting the everyday risks and hazards that are likely to generate the most incidents is simply collecting data on these incidents, spotting trends, and then communicating the problems through the entire organization.

Topics: Safety Management & Risk Control Risk Engineering & Property Risk Control

Why Is Safety Standards Communication So Critical?

OSHA, or the Occupational Health and Safety Administration, makes it clear that employers bear the primary burden of keeping their employees free from workplace threats to their safety or health. The main function of this organization is to turn workplace safety legislation into rules for different industries to follow. 

Topics: Safety Management & Risk Control

The Right Safety Management Software For You

Are safety management systems really necessary?  As risks become more complex in today's business environment, the task of managing these risks has also become increasingly critical. Safety is important for a company's bottom line, brand reputation, and compliance with regulations. The entire philosophy behind good safety management systems is that most accidents are not actually "accidental." With risk management software systems, safety is not just left to chance!

Topics: Safety Management & Risk Control

Streamlining Your Corporate Safety Process With RMIS

Business managers who demand easier risk management strategies should take the time to understand the value of a risk management information system (RMIS).  Quality systems can help integrate safety all across an organization. This means every part of that organization can enjoy the benefits of improved safety and a streamlined risk management process. Companies save money and effort on both their safety management programs and the process of collecting and reporting on data.

Topics: risk management data management Safety Management & Risk Control insurance renewal management

Effective Employee Safety Training Tips


According to a voluntary training course provided by OSHA, the Occupational Health and Safety Administration, one of the common elements of an exemplary workplace is training and orientation for all employees to help them learn the most important safety procedures all employees need to know. In fact, OSHA is responsible for translating safety laws into rules and then enforcing them. The Administration clearly states that it considers safety training an employer's responsibility. Not only do effective training programs help reduce accidents, they also keep companies in compliance with regulations.

Topics: Safety Management & Risk Control

How Risk Management Software (RMIS) Saves Money

Most company managers are looking for ways for businesses to save money and grow. The Occupational Health and Safety Administration, usually called OSHA, declares that managing risks adds value to businesses. It's obvious that reducing work-related accidents and illnesses can reduce insurance premiums and related costs. However, safety also demonstrates value by helping to maintain a positive brand image and improving employee morale and productivity.

Topics: risk management RMIS risk management information system

A Brief Summary of the Long History of Risk Management

 

Risk managers are concerned with the future. Still, it can be instructive and inspiring to look back to the past sometimes. So, what's the history of risk management? One very interesting book about this topic, "Against the Gods: The Remarkable Story of Risk," contends that the true dividing line between what we should call ancient times and modern times is mastering risk. In this book, Peter L. Bernstein contends that when people began to understand how to predict and manage risks, they also began to understand that the future did not just hold random events generated by the will of the gods or the whims of nature.

Considering investing in an RMIS? Download our free "Definitive Guide to Risk Management Information System" here.

Topics: risk management fun facts history

How to Involve Employees in the Safety Management Process

Companies that enjoy a true culture of safety will involve and motivate every employee- from those who sit in the corporate boardroom to those who actually conduct daily operations on the shop, job site, or sales floor. While executives and managers can help improve their company's bottom line by implementing and enforcing an effective safety plan, employees further down the pipeline are also likely to benefit by avoiding workplace accidents and injuries.

Topics: safety management employees corporate

Understanding the Importance of OSHA Safety Standards

OSHA, the U.S. Occupational Health and Safety Administration, was born out of the Occupational Health and Safety Act of 1970. However, more than just establishing another government organization, this piece of legislation confirmed that American workers have the right to do their jobs in a safe and healthy workplace. The organization operates with the mission of protecting workers against work-related injuries and illnesses.

Some employers seem to think that OSHA regulations only exist to cost them time and money. However, it is very possible to make a case that these standards help employers too. Proper compliance with regulations protects people, bottom lines, and brand reputations. According to OSHA, American companies lose billions of dollars each year because of injuries and fatalities, but safety management programs might reduce these losses by 20 to 40 percent.

Topics: OSHA safety management government standards

How Safety Impacts Your Insurance Rates

 Just as every vehicle owner knows that a good driving record can help keep auto insurance rates low, companies should be aware that a good safety record can help reduce all sorts of commercial insurance rates. Of course, insurance companies love clients who don't file claims. According to OSHA, the Occupational Health and Safety Administration, companies that make an investment in safety can expect to reap rewards in the form of all sorts of lower insurance premiums, including worker's compensation rates.

Topics: risk claims safety technology safety management software insurance rates rates and premiums

EPA Safety Standards: Monitoring and Enforcement

Employers need to meet OSHA compliance standards, and these are mostly put in place to protect worker safety. However, the U.S. Environmental Protection Agency, or EPA, has put another set of standards in place. According to the EPA, the organization puts standards in place that enforce legislation and helps to protect the natural environment and public health.  Of course, any standards put in place to help protect health and the environment are also likely to help protect area workers.

Topics: safety management epa environmental protection agency government standards government regulations

Top 5 Risk Management Myths

Many companies avoid utilizing risk management software due to their belief that risk management software and risk management information systems are prohibitively expensive. In actuality, risk management software and a quality risk management information system is one of the safest, easiest and cost affordable ways for a company to mitigate risk. There are plenty of other myths that businesses believe regarding risk management, which in turn prevent businesses from operating at their maximum potential. This article highlights five myths that businesses believe to their detriment.

Topics: RMIS risk management information system myths fun facts

Why You Need To Revisit Safety Guidelines Every Year

 

Safety plans are meant to avoid accidents that can cause further employee accidents and injuries. OSHA keeps plenty of statistics that illustrate how effective safety management plans really do help companies reduce incidents, lower costs, and even improve productivity and morale.

However, if there is one thing that we can say for sure, it is that effective safety plans don't happen by accident. They are the result of good planning and constant attention. In fact, they work best when everybody in the company is involved in the plan. Safety management needs to be part of the corporate culture from the boardroom to the shop floor.

Topics: risk management safety management guidelines Annual Checks planning