The OSHA website features a calculator tool that can help determine a margin loss scenario resulting from an injury. Calculating the total costs of a single laceration injury is staggering. A cut on the finger that would have been preventable with the right PPE solution can lead to a $40K total cost, with an estimated $400K in future sales needed to pay for it! Escalate the injury to a fracture and the numbers nearly triple.
This is not a sales pitch, it’s basic math: Buying cheaper PPE is detrimental to your corporate bottom line. It cuts the immediate and direct cost of a good, while potentially skyrocketing the overall indirect operational costs. Armed with this knowledge, how can you help your company meet its financial targets?
Click the button below to check out the OSHA injury cost calculator.
Recommended Reading: The Case for More Robust PPE During Leaner Times