The Positive Impacts of ISN’s Health & Safety Performance Indicators Series
In the business world, companies competing for the same revenue-generating resources must know where they stand in relation to their competitors. This requires a targeted strategy for improving performance systematically and logically based on measurable data, or benchmarks. Within the sub-set of business that contracts non-core operations out to third-party workers, health and safety statistics, when consistently and accurately measured and evaluated, can greatly impact a company’s competitive edge. Safety incidents cost money in terms of lost productivity, regulatory fines, possible repair to operations and a host of other variables. These key performance indicators (KPIs) are critical to operational success, allowing for quick analysis and action to address any potential gaps in safety procedures.
The importance of data comparison as a means of driving improvement is the motivation behind ISN’s annual Health & Safety Performance Indicators series, which benchmarks companies’ health and safety statistics against those of their peers, helping them easily recognize areas of improvement. (more…)