University OSH Report: Workplace Health Promotion ROI Analysis

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This report examines occupational health and safety (OSH) within workplaces, emphasizing the importance of health promotion programs. It explores the relationship between return on investment (ROI) and the effectiveness of these programs in hazard control. The analysis, based on several articles, highlights how financial outcomes, measured as the ratio of return to cost investment, can be used to assess the success of OSH initiatives. The study emphasizes the need for improved methodologies to accurately evaluate ROI, particularly in programs like vaccination that show higher returns. The conclusion underscores the significance of considering ROI when implementing health promotion practices, which can improve both organizational financial performance and public health by mitigating workplace hazards. The report suggests that accurate ROI methodologies are crucial for successful hazard control programs.
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Running head: OCCUPATIONAL HEALTH AND SAFETY
Occupational health and safety
Name of the Student
Name of the University
Author note
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1OCCUPATIONAL HEALTH AND SAFETY
Baxter, S., Sanderson, K., Venn, A. J., Blizzard, C. L., & Palmer, A. J. (2014). The
relationship between return on investment and quality of study methodology in workplace
health promotion programs. American Journal of Health Promotion, 28(6), 347-363.
Introduction:
Workplace health promotions encompass several activities that are available in the
workplace for preventing the illness and providing a healthy work environment to every
employee (Strausz, 2017). Since occupational hazard is quite common in the workplaces that
increase the financial burden for most of the workplaces. Economic evaluation of the workplace
health programs is undertaken for assessing the outcome and given the cost of program
implementation (Strausz, 2017). Return to investment has a direct relationship in implementing
this program for hazard control. However, lack of accurate methodology many organization
failed to evaluate the outcomes. Therefore, the methodology needs to improve for evaluating the
interventions hazard control in the workplace.
Analysis of the key points of the articles:
The financial outcome within the research represented as the ratio of the return to cost
investment. The study selected 42 articles, which met the inclusion criteria. The review critically
appraised full economic evaluation for both multi-component workplace programs for hazard
control. The study suggested that the health program for reducing hazard control generated a
positive return on investment. The only negative return observed for randomized trial control
study. The result demonstrated from mean weight ROI is 2.38 (Buhalis, & Mamalakis, 2015).
The study also suggested that the use of price health benefit in the workplaces were standardized.
Program cost for hazard control was not reported in 32% of the study (Buhalis, & Mamalakis,
2015). Due to hazard in the workplaces, the costs of absentee days were monetized assuming an
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2OCCUPATIONAL HEALTH AND SAFETY
8-hour workday at a U.S. uniform wage rate of $20.49 per hour (El-Halwagi, 2017). The study
also suggested the vaccination program in the workplace were most worthwhile. They show a
higher return on investment compared to other program targeting the chronic diseases and dental
clinic.
Return on investment when implementing hazard control:
Return on investment measures the gain and loss generated on investment relative to the
amount of money invested. ROI is used for evaluating the efficiency of investment. For
implementing hazard control interventions, the higher return on investment gains the favorable
cost since the health program especially vaccination program for targeting communicable disease
in the workplace effectively reduce health hazard (Buhalis, & Mamalakis, 2015). It also reduces
the days of absentee and provides benefit to the organization.
Conclusion:
Thus, it can be concluded that the workplaces can be a significant place for health issues
of hazard introduced into the workplace. Therefore, for the implication of health promotion
practice or research considering the return on investment is crucial. In my opinion, with the
accurate methodology for evaluating return on investment the hazard control programs can be
implemented for the greater good of the organization. It will also improve the financial
performance of the organization and improve public health by reducing hazard in work place.
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3OCCUPATIONAL HEALTH AND SAFETY
references :
Baxter, S., Sanderson, K., Venn, A. J., Blizzard, C. L., & Palmer, A. J. (2014). The relationship
between return on investment and quality of study methodology in workplace health
promotion programs. American Journal of Health Promotion, 28(6), 347-363.
Buhalis, D., & Mamalakis, E. (2015). Social media return on investment and performance
evaluation in the hotel industry context. In Information and Communication Technologies
in Tourism 2015 (pp. 241-253). Springer, Cham.
El-Halwagi, M. M. (2017). A return on investment metric for incorporating sustainability in
process integration and improvement projects. Clean Technologies and Environmental
Policy, 19(2), 611-617.
Strausz, R. (2017). A theory of crowdfunding: A mechanism design approach with demand
uncertainty and moral hazard. American Economic Review, 107(6), 1430-76.
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