Productivity, Quality and saftey

As a direct result of the losses insurance companies

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ccidents. As a direct result of the losses, insurance companies and bonding agencies have increased workers’ compensation rates dramatically As far back as 1989, injury losses approached $112 billion in direct cost and another $20 billion to $30 billion of lost productivity due to injuries, fatalities and lost-time accidents. The problem has become so serious that some construction companies, in an effort to reduce their workers’ compensation rates, are “prescreening” the medical records of new applicants for their workers’ compensation history. The relationship between safety and productivity is clear. More attention to safety increases productivity on construction jobsites, reduces the direct and indirect costs of construction accidents and, therefore, improves profits. But how can this be true when these activities seem so different? One answer could be that doing the job according to a defined set of standards integrates quality and safety, and the net result is increased productivity. You could bet that “doing the job right” with high quality and productivity would provide a safer work environment because safer b...
View Full Document

Ask a homework question - tutors are online