Known as lagging indicators, these reactive-by-nature statistics measure the performance of a safety program based on existing factual data – no. of incidents, injuries, employee compensation cost, lost workdays. It is a convenient and easy way to measure risk. Thus, they are the dominant KPI in operations management.
In the world of safety, information can be used to not only save money, but to save lives. We are living in a new era of safety, where safety data is being captured at an unprecedented rate, but how we organize, analyze, and use this data makes all the difference.
Workplace safety has historically been an overlooked aspect of a company’s business plan. In recent years however, organizations have begun to realize how important employee safety and loss control are to the bottom line.
But what is safety?