We're almost at the end of January and you're probably working on your budgets for 2014… Have you budgeted for all your Health and Safety expenses? If you haven't, you can end up losing profit from unexpected Health and Safety expenses like first aid training, restocking your first aid kit and fire extinguishers. The list is almost endless.
But you can curb these costs if you have a Health and Safety budget in place. Let's look at five of the items you must legally include in your health and safety budget.
How to prepare your Health and Safety Budget
Click here to find out how you can do it in three easy steps
Five items you must have in your Health and Safety budget
1. Establish all the risks in your company's daily operations (Section 8(2)(d), OHS Act
). To do this you must do a risk assessment. If you don't have the necessary experience or training in this, budget to hire specialists in this field to assist you. See chapter R01-R05 of your Health and Safety Advisor for more on Risk Assessments.
2. Inform your employees of the risks in their daily roles and the workplace (Section 13, OHS Act
). There are different ways you can do this. Such as posters, toolbox talks,
informal training sessions, safe work procedures, etc. These internal communications will cost you money.
3. Appoint and train your Health and Safety Representatives if you have more than 20 employees (Section 17, OHS Act
). You need to budget for the training of your Health and Safety Rep's. See chapter H01: Health and Safety Representatives in your Health and Safety Advisor for more information.
Keep reading for the last two items you must have in your Health and Safety budget
Two more items you must have in your Health and Safety budget…
4. Budget for Personal Protective Equipment (PPE), if you use PPE to control your risks (Regulation 2 and 9, General Safety Regulations
). Because you can't charge your employees, you need to budget for the cost of purchasing, repairing and replacing your PPE. Go to chapter P01 in your Health and Safety Advisor for more information on PPE.
5. You must provide first aid equipment. Registered training providers need to train your First Aiders (Regulation 3, General Safety Regulations
) and you need to include this training cost in your budget. Remember to also budget for the purchasing and replenishing of your first aid kit items. See chapter F01: First Aid in your Health and Safety Advisor for all your first aid requirements. Click here to see the 18 items you must have in your first aid kit and budget for these too.
These are just a few of the items you must have in your health and safety budget… There are another 16 items you legally need to include. And if you think about all the health and safety risks in your workplace, I'll bet you can find a few more. Don't forget to budget for your Health and Safety Advisor
and Training Manual
So, keep your eyes open for your Health and Safety Advisor
update where we'll show you how to prepare your budget in three simple steps.
I have good news… If you're not a Health and Safety Advisor subscriber, you can still get your hands on the 21 items you must have in your budget. Click here to get your ultimate Health and Safety Budget Guide.