Direct Costs:
These are the measurable costs which are directly associated with the accidents and involves payment of money. For e.g.
These are the measurable costs which are directly associated with the accidents and involves payment of money. For e.g.
- Compensation pay outs
- Victim Sick pay
- Fines from criminal court
- Machinery repair costs
Indirect Costs:
These are the costs which are arise as a consequence of the event, indirect costs are often difficult to quantify, they are more substantial than direct costs. For e.g
These are the costs which are arise as a consequence of the event, indirect costs are often difficult to quantify, they are more substantial than direct costs. For e.g
- Loss of worker morale (will have impact in productivity and culture)
- Supervisor Time spent on investigation and preparing reports
- Recruiting and training new employees
- Loss of business reputation and goodwill
Safety Courses in Chennai | Nebosh Courses in Chennai | International Diploma in OSH
Contact: +91 90258 02211 | +91 80566 75918 | +91 44 4332 4155
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Contact: +91 90258 02211 | +91 80566 75918 | +91 44 4332 4155
inquiry@poshesolutions.com
www.poshesolutions.com
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