June 07, 2013

KBAM: Health and Safety– It's not just a humanitarian concept

After reading a bit more about all the different aspects of asset management, I decided to go with Health and Safety. Although we don’t have to justify why we chose a particular branch of asset management in the PMA question, there are many reasons why I personally chose Health and Safety Management. One of the main reasons is that the health and safety of my employees is something I would never compromise on. In that sense, it will be very high on my priority list when I become a manager.

However, not everyone is the same and others might not view health and safety initiatives in such a humanitarian way. Zoe Chilton raised an important point in her CSR talk. She said that senior managers often only understand the language of money. She told us how she had to convey the economic benefits of CSR to her boss. I believe this holds true for health and safety management as well. This is why I feel this assignment is really useful as I have learned how effective management of health and safety can have a positive impact on the bottom line of an organization. The simple fact that badly managed health and safety can cost an organization a lot of money is not only provable but will also appeal to how some board members think. If it comes to it, I can use this information in the future to convince senior management why health and safety management is a great idea.

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