Oregon Construction Contractors (CCB) Practice Test

What is the impact of a safer workplace on profits?

1. It decreases profits

2. It has no effect

3. It can increase profits

4. Only if productivity is maintained

The correct answer is: It can increase profits

A safer workplace positively influences profits because it can lead to reduced accidents and injuries, lower workers' compensation costs, and decreased absenteeism. When employees feel safe, they are more likely to be productive and engaged, which can enhance overall company performance. Additionally, a strong safety record can improve a contractor's reputation, making it easier to attract new clients and retain existing ones. Investing in safety measures might require initial costs, but the long-term financial benefits typically outweigh these expenses. Enhanced safety protocols also lead to compliance with regulations, which helps avoid fines and potential legal issues. In essence, a safer workplace creates a more stable environment conducive to generating higher profits.