IOSH Managing Safely Practice Test

What is a benefit of performing regular risk assessments?

1. Increases employee turnover

2. Demonstrates good business practice and improves performance

3. Reduces overall training costs

4. Only meets legal requirements

The correct answer is: Demonstrates good business practice and improves performance

Performing regular risk assessments is beneficial as it demonstrates good business practice and can significantly improve overall performance. By conducting these assessments, organizations proactively identify and address potential hazards in the workplace. This not only ensures the safety and well-being of employees but also fosters a positive work environment. When employees feel safe, their productivity and morale tend to increase, which can enhance the overall performance of the business. Moreover, regular risk assessments contribute to better decision-making and resource allocation, ultimately leading to improved operational efficiency. By engaging in this systematic approach to identifying risks, organizations can also maintain compliance with health and safety regulations, enhancing their reputation and reliability in the eyes of clients and stakeholders. While addressing the other options, it's important to note that increasing employee turnover is counterproductive and not a desired outcome of risk assessments. Reducing overall training costs may not directly result from regular assessments, as training may still be necessary based on identified risks. Lastly, while meeting legal requirements is a vital aspect of risk assessments, this is not the sole benefit; proactive safety management brings additional advantages that extend beyond mere compliance.