Final answer:
It is true that employers are required to set up a system for employees to report work-related injuries and illnesses, as per OSHA regulations. This includes record-keeping, providing safety training, and ensuring workman's compensation insurance is in place to address on-the-job injuries.
Step-by-step explanation:
Employers are indeed required to set up a system for employees to report work-related injuries and illnesses. This is true because, under the Occupational Safety and Health Administration (OSHA) standards, employers have a responsibility to provide a safe working environment. They must keep accurate records of work-related injuries and illnesses, provide safety training in a language and vocabulary that their workers can understand, and allow workers to file confidential complaints without fear of retaliation. Additionally, employers are mandated to provide workman's compensation insurance, which aids employees who encounter on-the-job injuries by providing them with benefits funded by a small percentage of their salaries paid into state-run funds.
As illustrated by the Firestone/Ford tire controversy, ignoring safety standards can lead to tragic outcomes and severe financial repercussions for a company. The high costs of ignoring safety can significantly outweigh any savings from cutting corners in manufacturing processes.