Bill Margaretta, president of the New Jersey State Safety Council, outlined the five common cost elements related to workplace injuries in a great article on EHS online:
- Emergency response
- Reports and case management
- Interrupted operations
- Lost revenue
- Cost of damage
We think that Bill is ‘spot on’ with his five points, though we would add “Cost of reassessing and designing the process” to the above points.
We always see things, especially safety, through the lens of continuous improvement.
Thanks to EHS for hosting the panel discussion and publishing the conclusions.
Every one of us has a stake in safety, and Margaretta’s 5 points above are a great reminder of the financial non-human costs of workplace injuries.
Who want’s to come up with a list of the human impacts of workplace injuries to complement this list?