The method of figuring out the Misplaced Time Harm Price (LTIR) includes analyzing office security information to quantify the variety of accidents leading to misplaced workdays. For instance, an organization with 100 staff and 200,000 hours labored throughout a 12 months, experiencing two accidents requiring a complete of 10 misplaced workdays, would have an LTIR of 0.1. This metric gives a quantifiable measure of office security efficiency.
This measurement presents beneficial insights into the effectiveness of security packages and helps organizations determine areas needing enchancment. By monitoring this fee over time, corporations can monitor developments, benchmark in opposition to trade averages, and show a dedication to a secure work setting. Traditionally, standardized security metrics like this have pushed important enhancements in office situations and fostered a tradition of proactive security administration.
