MARCOEM WEBINAR SERIES RETURN ON INVESTMENT FOR …
MARCOEM WEBINAR SERIES RETURN ON INVESTMENT FOR HEALTH AND SAFETY PROGRAMS MAY 16, 2019
David Eherts PhD CIH
Vice President Global EHS
Ph: +1 862 261 7495
david.eherts@
1
COURSE LEARNING OBJECTIVES
> Understand basic financial management concepts and tools. > Understand the Macro and Micro Business Case for Safety. > Learn how (and when) to present the benefits and costs of
health and safety investments. > Evaluate existing models for analyzing safety and health
investment strategies. > Understand how make a business case to justify health and
safety investments. > Introduce students to the Return on Health, Safety and
Environmental Management (ROHSEI) software.
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Peter Drucker:
"Economic performance is the first responsibility of business. (Without economic performance) a business cannot discharge any other responsibilities, cannot be a good employer, a good citizen, a good neighbor."
Finance is the language of business
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From Michael Muckian
"The Complete Idiot's Guide to Finance & Accounting"
It doesn't matter what your professional responsibilities are, your management
responsibilities contribute directly to your company's profitability.
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KEY INSIGHTS ASSE VALUE OF THE PROFESSION STUDY
Areas where leaders felt that the health and safety professionals performance fell below expectations:
Business And Strategy
? We don't always plan and react strategically
? We don't transform data/insights into practical solutions
? We don't develop methods that integrate safety performance into business productivity
? We don't align EHS project plans with overall business strategy
? We don't understand financial related terms and information
? We don't know how to evaluate proposed investments against their projected payoff
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