A Cortexica report has revealed the improper use of Personal Protective Equipment (PPE) costs UK businesses almost £80 billion a year.
That's a mind-blowing figure, right?
It goes to show how important it is to use the right PPE for the right job, in the right way.
In this article we'll dig into exactly where the money is being lost, so you know which areas to watch out for... 🔍
The Key Facts
Cortexica's whitepaper, titled 'Overcoming the Barriers of PPE Compliance with the Use of Artificial Intelligence', identifies the following as the main challenges facing businesses that need to stay PPE compliant:
- 43% - Meeting legal obligations of PPE.
- 38% - Employee non-compliance.
- 36% - Educating the workforce in the correct use of PPE.
- 36% - Monitoring correct use of PPE.
DIRECT CostS of PPE Failure
- The report found, on average, a whopping 29% of injuries could be prevented if employees had followed proper PPE guidelines.
- 84% of businesses lost money from injuries due to PPE non-compliance.
- 30% of businesses lost over £250,000 through incorrect use of PPE.
- 5% of businesses lost more than £1m through improper use of PPE.
- The greatest financial hit businesses take in the event of a workplace accident is compensation payouts to injured employees.
- 30% of businesses lose the greatest amount of money via the courts.
- 29% of respondents stated the cost of lawyers was at least as costly, if not more costly, than the payouts themselves.
Hidden Costs of PPE Failure
- 80% of businesses lose productivity when an accident occurs.
- 69% of businesses say they lose new business opportunities in the event of a workplace injury.
- 71% of businesses say it becomes more difficult to recruit good people after an accident.
A Duty To Get PPE Right
Overall, Cortexica's whitepaper highlights the incredible damage PPE non-compliance can do. Not only is there unnecessary trauma involved for the injured worker, but fines and costs quickly ramp up for the business too.
And it's worth repeating that 29% of such injuries could be prevented through proper PPE use, according to the report!
“PPE compliance is something that businesses operating in high-risk environments have to get right, and the report highlights why. Not only do they have a duty of care to their employees, but they need to protect themselves from the financial consequences of injuries in the workplace.”
- Iain McCready, CEO, Cortexica
With such high stakes, there's no room for doubt when it comes to PPE compliance.
So if you have any questions over the correct use of your PPE, or require some training, get in touch with us and we'll be happy to advise.
Otherwise, our Ultimate PPE Guide is a great place to get clued up.