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Measuring the value of occupational safety and health: a case study of chemical substitution.
8th International Scientific Conference: Health, Work and Social Responsibility - The Occupational Hygienist and the Integration of Environment, Health and Safety, September 28-October 2, 2010, Roma, Italy, Book of Abstracts. Derby, UK: International Occupational Hygiene Association, 2010 Sep; :638
In today's economic environment firms are faced with challenges associated with increasing global competition, expectations of stellar sustainability practices, and maintaning production levels or market share while often experiencing decreased resource availability. Important, and often difficult, business decisions on allocating scarce resources among competing intemal needs must be made, To insure that Environmental Health & Safety (EH&S) is favorably considered, the financial importance of activities must be demonstrated to upper management. Whether you have a large corporate program, a small department, or Single EH&S professional or technician, you can demonstrate the value of your efforts to eliminate hazards and minimize risks using financial measures such as Return on Investment (ROI), Net Presellt Value (NPV), and Payback Period. These are not just terms used in the finance department, but they are terms universally understood by those making resource decisions, creating effective tools to demonstrate the value of your initiatives. The aim of the presentation is to describe methods to systematically appraise both the costs and consequences of an action implemented at the worksite--to derive the business value of your efforts. Using an example from industry of reducing the risk of illness through chemical substitution will be presented to demonstrate how to measure the value of EH&S typical activities. Attendees will be able to better understand existing literature that employs or discusses these methods, but more importantly they will learn how and when to use these methods to position EH&S as essential contributors to the business function.
Chemical-properties; Risk-factors; Hazards; Occupational-health; Occupational-exposure; Environmental-factors; Environmental-health; Environmental-exposure; Surveillance
8th International Scientific Conference: Health, Work and Social Responsibility - The Occupational Hygienist and the Integration of Environment, Health and Safety, September 28-October 2, 2010, Roma, Italy, Book of Abstracts
Page last reviewed: September 2, 2020
Content source: National Institute for Occupational Safety and Health Education and Information Division