Changing culture in construction would save $8 billion.
“NSW and Victoria will require tenderers on infrastructure projects to sign up to five-day work weeks, promote diversity and work-life balance to overcome the industry’s skills shortage and cut $8 billion in costs each year due to injury, mental health, suicide and higher-than-average death rates” writes Michael Bleby of The Australian Financial Review.
“Work-related fatalities, injuries and illnesses in 2018 cost $6.1 billion, the productivity cost of employees consistently working overtime was $708 million, mental ill-health cost $643 million and the estimated costs of construction worker suicides were $533 million, the report shows.”
Read the full article in The Australian Financial Review here
