Like flight turbulence, economic turbulence can be scary and upset even the coolest of cucumbers. In such circumstances, business leaders can feel like they have to make tough financial decisions to stay in the game. All too often, one of the key casualties of cost-cutting is health and safety. When budgets tighten, it's tempting to view your health and safety strategies as expendable, but this short-sighted approach is fraught with risks and potential dire consequences.
So how can you ensure your work environment thrives and safety standards are maintained when resources are squeezed?
It’s no secret that the economy naturally moves through cycles, but this doesn’t mean that your approach to health and safety should. In their inaugural State of a Thriving Nation report, The Business Leaders Health and Safety Forum highlights that while injury rates do rise and fall during economic cycles, it’s more likely that this is related to how companies approach health and safety during the boom and the bust than being inherent and unavoidable to the economic situation.
Economic cycles introduce different risks that need to be dealt with effectively to reduce the surge of occupational injury. During a boom, companies can have an increase in inexperienced workers who need adequate training, while during a bust, layoffs and cost-cutting can intensify work for the remaining staff. If these risks aren’t mitigated accordingly, there can be a rise in workplace injury and harm.
So why do so many companies still put health and safety on the back-burner during tough times?


Business leaders can struggle to quantify the less obvious challenges their workers face, such as psychosocial risk. While mental health isn’t visible, that doesn’t mean it’s not there. In fact, 17% of workplace harm is accredited to mental health. Even though mental health in the workplace is becoming less “taboo,” we know it’s still systematically underreported, so we should assume that in reality the prevalence is much larger.
To put it into practical context, an example is the psychosocial risk associated with layoffs resulting in more work for the remaining staff. If the job demands are suddenly not met by the job resources, workers can begin to feel the pressure to meet unrealistic KPIs.
In our recent webinar, "Psychosocial Safety Solutions: Building A Mental Health Strategy," Psychological Safety Solutions founder Conor Duffy pointed out the importance of checking in with your employees' emotional and cognitive demands to avoid your team barreling towards collective burnout. It’s critical that leadership prioritises health, safety, and wellbeing during this time to protect the trust and psychological safety of their workers.
Business leaders can struggle to quantify the less obvious challenges their workers face, such as psychosocial risk. While mental health isn’t visible, that doesn’t mean it’s not there. In fact, 17% of workplace harm is accredited to mental health. Even though mental health in the workplace is becoming less “taboo,” we know it’s still systematically underreported, so we should assume that in reality the prevalence is much larger.
To put it into practical context, an example is the psychosocial risk associated with layoffs resulting in more work for the remaining staff. If the job demands are suddenly not met by the job resources, workers can begin to feel the pressure to meet unrealistic KPIs.
In our recent webinar, "Psychosocial Safety Solutions: Building A Mental Health Strategy," Psychological Safety Solutions founder Conor Duffy pointed out the importance of checking in with your employees' emotional and cognitive demands to avoid your team barreling towards collective burnout. It’s critical that leadership prioritises health, safety, and wellbeing during this time to protect the trust and psychological safety of their workers.
Business leaders can struggle to quantify the less obvious challenges their workers face, such as psychosocial risk. While mental health isn’t visible, that doesn’t mean it’s not there. In fact, 17% of workplace harm is accredited to mental health. Even though mental health in the workplace is becoming less “taboo,” we know it’s still systematically underreported, so we should assume that in reality the prevalence is much larger.
To put it into practical context, an example is the psychosocial risk associated with layoffs resulting in more work for the remaining staff. If the job demands are suddenly not met by the job resources, workers can begin to feel the pressure to meet unrealistic KPIs.
In our recent webinar, "Psychosocial Safety Solutions: Building A Mental Health Strategy," Psychological Safety Solutions founder Conor Duffy pointed out the importance of checking in with your employees' emotional and cognitive demands to avoid your team barreling towards collective burnout. It’s critical that leadership prioritises health, safety, and wellbeing during this time to protect the trust and psychological safety of their workers.
Health & Safety protocols have transformed how we operate. Implementing these standards has not only reduced accidents on-site but also boosted team morale, knowing that their well-being is a top priority.

Business leaders can struggle to quantify the less obvious challenges their workers face, such as psychosocial risk. While mental health isn’t visible, that doesn’t mean it’s not there. In fact, 17% of workplace harm is accredited to mental health. Even though mental health in the workplace is becoming less “taboo,” we know it’s still systematically underreported, so we should assume that in reality the prevalence is much larger.
To put it into practical context, an example is the psychosocial risk associated with layoffs resulting in more work for the remaining staff. If the job demands are suddenly not met by the job resources, workers can begin to feel the pressure to meet unrealistic KPIs.
In our recent webinar, "Psychosocial Safety Solutions: Building A Mental Health Strategy," Psychological Safety Solutions founder Conor Duffy pointed out the importance of checking in with your employees' emotional and cognitive demands to avoid your team barreling towards collective burnout. It’s critical that leadership prioritises health, safety, and wellbeing during this time to protect the trust and psychological safety of their workers.
Business leaders can struggle to quantify the less obvious challenges their workers face, such as psychosocial risk. While mental health isn’t visible, that doesn’t mean it’s not there. In fact, 17% of workplace harm is accredited to mental health. Even though mental health in the workplace is becoming less “taboo,” we know it’s still systematically underreported, so we should assume that in reality the prevalence is much larger.
To put it into practical context, an example is the psychosocial risk associated with layoffs resulting in more work for the remaining staff. If the job demands are suddenly not met by the job resources, workers can begin to feel the pressure to meet unrealistic KPIs.
In our recent webinar, "Psychosocial Safety Solutions: Building A Mental Health Strategy," Psychological Safety Solutions founder Conor Duffy pointed out the importance of checking in with your employees' emotional and cognitive demands to avoid your team barreling towards collective burnout. It’s critical that leadership prioritises health, safety, and wellbeing during this time to protect the trust and psychological safety of their workers.
Business leaders can struggle to quantify the less obvious challenges their workers face, such as psychosocial risk. While mental health isn’t visible, that doesn’t mean it’s not there. In fact, 17% of workplace harm is accredited to mental health. Even though mental health in the workplace is becoming less “taboo,” we know it’s still systematically underreported, so we should assume that in reality the prevalence is much larger.
To put it into practical context, an example is the psychosocial risk associated with layoffs resulting in more work for the remaining staff. If the job demands are suddenly not met by the job resources, workers can begin to feel the pressure to meet unrealistic KPIs.
In our recent webinar, "Psychosocial Safety Solutions: Building A Mental Health Strategy," Psychological Safety Solutions founder Conor Duffy pointed out the importance of checking in with your employees' emotional and cognitive demands to avoid your team barreling towards collective burnout. It’s critical that leadership prioritises health, safety, and wellbeing during this time to protect the trust and psychological safety of their workers.
Business leaders can struggle to quantify the less obvious challenges their workers face, such as psychosocial risk. While mental health isn’t visible, that doesn’t mean it’s not there. In fact, 17% of workplace harm is accredited to mental health. Even though mental health in the workplace is becoming less “taboo,” we know it’s still systematically underreported, so we should assume that in reality the prevalence is much larger.
To put it into practical context, an example is the psychosocial risk associated with layoffs resulting in more work for the remaining staff. If the job demands are suddenly not met by the job resources, workers can begin to feel the pressure to meet unrealistic KPIs.
In our recent webinar, "Psychosocial Safety Solutions: Building A Mental Health Strategy," Psychological Safety Solutions founder Conor Duffy pointed out the importance of checking in with your employees' emotional and cognitive demands to avoid your team barreling towards collective burnout. It’s critical that leadership prioritises health, safety, and wellbeing during this time to protect the trust and psychological safety of their workers.