The price of health and safety failure
Costs to Britain of workplace accidents and work-related ill health
• Work related ill health and injury costs the UK economy approximately £14
billion a year.
• Nearly 35.4 million working days are lost each year due to workplace health
and injury.
• 2 million people are suffering from ill-health caused or made worse by
work
• Only 3% of UK companies provide comprehensive workplace health support
• After only six weeks sickness absence, a person’s ability to return to work
falls away rapidly. Almost 20% of people who reach this point will stay off work
and eventually leave paid employment
COST CATEGORIES
THE INDIVIDUAL
• Lost earnings
• Extra expenditure when absent
• Human costs (pain grief and suffering)
THE EMPLOYER
Resources & Whitepapers
Accounting Software The power of customisation in accounting systems
• Human costs (pain grief and suffering)
• Sick pay
• Compensation
• Other insurance (low frequency, high cost events, eg. fire)
• Company admin.
• Recruitment
• Damage from injuries (equipment, goods and materials)
• Damage from non-injury accidents
• Insurance industry admin costs
SOCIETY
• Human costs (pain grief and suffering)
• Other insurance (low frequency, high cost events, eg. fire)
• Company admin.
• Recruitment
• Damage from injuries (equipment, goods and materials)
• Damage from non-injury accidents
• Insurance industry admin costs
• DWP admin costs
• Loss of output
• Medical treatment (short and long term)
• HSE and LA investigation costs