The High Cost of Employee Injuries - 2021 OSHA Compliance

Picture of OCCU-TEC, Inc. OCCU-TEC, Inc. : Oct 1, 2021 4:19:09 PM

Workplace Safety Business Solutions Learning Solutions OSHA Accidents & Injury

The High Cost of Employee Injuries - 2021 OSHA Compliance

The financial impact of employee injuries can be significant. Injuries can happen as a result of not staying OSHA compliant. Consider the cost of just one lost-time injury due to mental stress, a much-discussed injury type today, for a company operating at a 5% profit margin.

Direct cost-$35,151
Indirect cost-$38,666
Total cost-$73,817

To cover the total cost of this one lost-time injury a company must sell an additional $1,476,340.

Learn more about OSHA compliance to prevent costly and avoidable workplace injuries.

Source: OSHA, Safety Pays

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