Tag Archives: invisible liabilities

How much could you be paying for invisible liabilities?

Thinking exec
Hmm – money you never even knew you had, all going down the tubes from germs. Enough is enough!

Wait a minute, invisible liabilities?

There’s no gaps on your balance sheet, everything’s all accounted for. What myths are we on about?

Actually, they’re a black hole.

And they’re probably invisible because you’ve written them off as something else.

There’s plenty of evidence of them though.

Just run your finger across your desk. Along the back, where all the computer cables are.

See it now?

Dust, city grime, crumbs from al desko lunches, general office detritus.

Yes, dirt. But that’s not all.

Too small to see, too expensive to ignore

It’s evidence of the real liabilities. Germs too small for the eye to see. That’s why they’re invisible.

OK, so germs. Maybe your office cleaners missed a bit.

Except germs are everywhere, all the time. Even in the air we breathe.

And they’re not all harmless.

Sitting in air conditioned splendour, you may not have heard of legionnaire’s disease.

But it’s your duty as a manager to protect your staff from it. A silly little germ not even a thousandth the thickness of a human hair.

Except that’s the law. As JTF Wholesale found recently when a £1 million fine hit them for neglecting it. And as G4S Cash Solutions discovered when Harlow Council nailed them for £1.8 million.

Which means, don’t mess around – get an expert to advise you.

Deadly too

Because you see, legionnaire’s disease is a nasty killer kind of super-pneumonia. And it breeds in water systems, central heating and air-con cooling towers. In pipes and showers too – anywhere that water lies still for more than a few hours.

Spread by air, once you breathe that in, it’s serious. Especially with a previous condition. Asthma perhaps, or a dicky ticker – even being a smoker is enough. Then it’s hospital and drugs and even then you might not make it.

And that’s just ONE of your invisible liabilities.

There’s plenty of others you can get hit for too – if you don’t take precautions.

Around 30 other notifiable diseases on the governments infectious diseases list. Monsters like cholera, typhoid, measles SARS, smallpox and yellow fever.

Duty of care

Not that you’re likely to see any of them. But it’s your duty to make sure your staff haven’t got them – per the Reporting of Injuries, Diseases and Dangerous Occurrences Regulations 2013 (RIDDOR).

Yes, sure – nothing to do with you. Unless it happens.

Nothing like the non-events in your workplace. A few snuffles and tummy bugs – chicken feed.

You wish.

It’s those day-to-day bugs that are your real invisible liabilities.

And we mean day-to-day. Surprisingly, every one of us only feels up to 100% par for two or three days at a time. Otherwise, in some way or other, we’re all off-colour several times a week. An ache, a twinge, an iffy feeling, always something.

Money, money, money

Which is why, for starters, business experts PwC put losses from absenteeism at around £29 billion a year.

Hardly chicken feed.

Even more costly are the heroes who struggle to work when they’re not well. Not fully recovered from something, but worried about job security. Wrestling with flu, and the same worries. Or staggering in with tummy cramps, and determined not to be fired.

Presenteeism, it’s called. And experts reckon it costs 10 times more than absenteeism – £290 billion a year.

Put the two together and that’s £319 billion that illness costs UK businesses.

Germonomics

So let’s see – £319 billion, possible fines of £1 million or more. Oh yes, and if you have a suspected outbreak of any kind, the Health & Safety people have a thing called their fee for intervention, which is also not pocket money.

Plus of course, all the losses caused by under-performing or not fully-focused staff desperate to keep going. Mistakes, missed deadlines, clients rubbed up the wrong way and other disasters. Germonomics we call it – and to calculate what it could be costing your own business, click here.

Seems those invisible liabilities are pretty hefty.

And the fix?

For under £1,000 a month your facilities management people can buy a machine that will ELIMINATE germs for you – as in eradicate, clear out, sterilise.

Or maybe your cleaning service can do it for you for few hundred extra.

A nightly mist-up with ionised hydrogen peroxide and ALL germs are gone – hunted out of existence by a prowling tiger of a germ-killer.

Give yourself a raise

Yeah, there might still be dust and breadcrumbs when you run your finger down your desk. But count on it, there’ll be NO germs. Your place is safe and secure to a 6-log Sterility Assurance Level.

Tell you what else.

You might not have been able to see your invisible liabilities. But you sure as heck won’t be able to hide the sudden dividend that getting rid of them will trigger.

Maybe you’ll even get yourself a raise out of it.