OSHA’s “$afety Pays” program can help employers assess the impact of occupational injuries and illnesses on their profitability. This program uses a company’s profit margin, the average costs of an injury or illness, and an indirect cost multiplier to project the amount of sales a company would need to cover those costs. The program is intended as a tool to raise awareness of how occupational injuries and illnesses can impact a company’s profitability, not to provide a detailed analysis of a particular company’s occupational injury and illness costs.
The “$afety Pays” program will:
- Allow users to pick an injury type from a drop-down list or to enter their workers’ compensation costs
- Prompt users for information to do the analysis, including their profit margin and number of injuries
- Generate a report of the costs and the sales needed to cover those costs
Find out more here: https://www.osha.gov/dcsp/smallbusiness/safetypays/index.html