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Cost/Benefit analysis for an ISO45001 certification for an SME?

What are the costs vs benefits of getting an ISO45001 certification for an SME?

Ultimately, the decision to get ISO45001 certified should be based on a careful assessment of the costs and benefits for each organization, taking into account its specific circumstances and goals. Let’s unpack this.


Small to medium-sized enterprises (SMEs) may be hesitant to obtain ISO certifications due to various reasons such as cost, lack of understanding of the benefits, or aversion to having external consultants or auditors involved in their business operations.

However, when considering the benefits of standardization compared to the costs of implementation, the advantages far outweigh any drawbacks. Implementing ISO standards can lead to a reduction in insurance costs, absenteeism, turnover, and hiring expenses, as well as loss of production from downtime and incidents by 20% or more.

This results in a direct improvement in the bottom line. Additionally, it can also increase clientele and therefore, revenue and also the reputation of the company. This results in increased revenue and decreased costs, improved employee health and morale, higher productivity, and reduced talent loss.

 So in summary, is it worth it to invest in OSH programs? If you value your employees and the long term growth of the business then it’s not a difficult decision.

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