A new resource for Nova Scotia’s (Canada) employers is being introduced as part of the Workplace Safety Strategy.
The Workplace Incident Cost Calculator is a tool that allows business owners to calculate the cost of workplace injuries and see first-hand the dramatic financial impact these incidents can have on their profitability.
The Calculator is a natural addition to the Small Business Safety Toolkit which was introduced to the small and medium-sized business community in Nova Scotia last spring.
The Toolkit had been developed with direct and ongoing consultation from business, industry and safety association partners, and the resulting Toolkit was overwhelmingly embraced by the community. Since becoming available, the online version has been viewed 3,118 times and the toolkit itself has been downloaded about 130 times.
The Workplace Incident Cost Calculator provides specific information for five industries:
There is also a “custom” section that can be adapted for other industries operating in the province.
In Nova Scotia, more than 770,000 days are lost to workplace injuries every year. That’s the equivalent of 2,400 working years. Looking at it another way, it represents the population of Digby (and more) off work for an entire year.
Nova Scotia employers are paying the WCB $300 million ever year – that’s a significant amount of money out of the pockets of the business community. This is based on Canada’s highest average rate, thanks to the province’s history of injury and its unfunded liability.
Author Kori Shafer-Stack, Editor, Amaxx Risk Solutions, Inc. is an expert in post-injury response procedures and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. www.reduceyourworkerscomp.com. Contact: email@example.com.
©2014 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law.
WORK COMP CALCULATOR: http://www.LowerWC.com/calculator.php
MODIFIED DUTY CALCULATOR: http://www.LowerWC.com/transitional-duty-cost-calculator.php
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