By doing the various research and surveys the four suitable Key Performance Indicators
for the company are identified as below:
o Health and Safety KPIs: Number of Reported Accidents & Incidents: This ‘lagging indicator’ is a pretty obvious one, but it really gives a high-level benchmark to the organization in terms of knowing if safety is improving or worsening. In addition to monitoring the number of accidents/incidents, we'll probably also want to convert this number to a ratio per employee - i.e. 0.001 accidents per employee. Keep an extra close eye on this Health & Safety KPI during times of change - new processes, new machines, etc. o Health and Safety KPIs: Lost Time Injury Frequency Rate: This refers to the number of lost time injuries that happen per million hours worked. So, a 'LTIFR' of 8, would mean that 8 lost time injuries take place every million hours worked. To work out the LTIFR we multiply the number of lost time injuries by 1,000,000 then divide that number by the total number of hours worked in an organization. So, if we have 8 lost time injuries and 3 million hours worked, our LTIFR is 2.6. o Health and Safety KPIs: Lost Time Injury Incidence Rate: This measures the events that occur over a standard period of time by a standard number of people. So, if we want to calculate the 'LTIIR' (Lost Time Injury Incidence Rate) for 1,000 people, we multiply the number of incidents by 100, then divide it by ne number of people. So, let’s say we have 3 incidents. 3 x 100 = 300. Divide that by the number of people and we get a LTIIR of 0.3. So, for every 100 people, an organization would have a 0.3 LTIs. o Health and Safety KPIs: Employee Perception of Management Commitment: This KPI for Health and Safety is usually measured through regular surveys. These allow an organization to understand if employees feel that what they do on a daily basis and the management objectives are on the same path. People tend to follow procedures and instructions better if they see a connection in what they do and ‘the big picture’. It’s a little like running an NPS for employees