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The Kansas Eastern Region Insurance Trust provides a self-insured workers compensation program for public sector organizations.
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Why is safety It minimizes accidents, lost workdays and workers' compensation costs. It promotes regulatory compliance and avoids costly fines and lawsuits. It improves productivity and the quality of products and services. It keeps your organization on the cutting edge, which gives you the edge over the competition. |
One of the biggest challenges of overseeing a safety and health program is proving that the program is worth its cost. One of the best ways to prove its worth is to demonstrate a positive Return-on-Investment (ROI).
ROI answers the vital question top management wants to know: "For every dollar we invest in the safety program, how many dollars are we getting back?" To ensure a program is seen as beneficial to an organization, that question must be answered with hard data, by showing the percentage of profit made or savings earned for every dollar spent.
Here is a simple formula for measuring safety training ROI:
ROI (%) = ((Monetary benefits–Training Costs) ÷ Training Costs) x 100
Example: Assume that, as a result of a new safety training program, an organization's accident rate declines 10 percent, yielding a total annual savings of $200,000 in terms of lost workdays, material and equipment damage, and workers' compensation costs. If the training program costs $50,000 to implement, the ROI would be 300 percent.
ROI = ((200,000 – 50,000) ÷ 50,000) x 100 = 300%
In this example, for every $1 spent on training, the organization gained a net benefit of $3.
This simple formula will help convince the people at the top that a safety program is worth the cost — and that's when ROI analysis can be your best ally.
Source:GEMI. Clear Advantage: Building Shareholder Value. Washington, DC, February 2004; pp. 10, 26-32., 2 OSHA. 2003. Safety and Health Management Systems eTool (accessed March 1, 2012) www.osha.gov/SLTC/etools/safetyhealth/mod1_estimating_costs.html).
For organizations that have employees working in the cold, winter can be a dangerous time of year. Frostbite is a serious concern, but it’s easily avoided with a few simple precautions.
Frostbite is caused by prolonged exposure to cold temperatures and low wind chill factors, but even a brief exposure to exceedingly cold and wet conditions can cause frostbite. The risk of frostbite can be reduced by dressing in warm, loose-fitting layers, and protecting hands, feet, nose and ears from the cold.
The symptoms of frostbite include numbness, skin discoloration, burning and tingling. If these symptoms occur, move to a warm area immediately and remove wet clothing. Place the affected area in warm (not hot) water until the skin softens and is no longer numb. Wrap the affected area and seek medical help.
Nearly everyone has breathed a sigh of relief over a close call — almost tripping over a loose tile or an obstruction, or walking around a spill. These near accidents could be overlooked as simply a “lucky break” or a minor inconvenience, but smart employees recognize them for what they are: a warning of a potential problem. Those small problems, left uncorrected, could lead to a big problem and a serious injury.
Avoid accidents by paying attention to near accidents. Always be safety-minded: correct a problem that caused a near accident, and voice your concerns over potential hazards.
KERIT members may access near-miss forms at www.kerit.org/wp-content/uploads/2015/11/KERIT-Near-Miss-Report-with-Signature.docx.