Safety Practices, Firm Culture, and Workplace Injuries
Author: Richard J. Butler
Publisher: W.E. Upjohn Institute
Published: 2005
Total Pages: 116
ISBN-13: 0880992778
DOWNLOAD EBOOKAnnotation Workers' Compensation insurance, which covers all medical expenses and part of the lost wages associated with injuries, cost employers $63.9 billion in 2001 (National Academy of Social Insurance, 2004). The indirect costs of accidents lost wages, damage to equipment, training and rehabilitation expenses are several times this amount. On the job injury costs are an important component of the firm's operating expenses. Human resource management can change workers' incentives to take more care on the job (accident prevention), improve workers' incentives to return to work following an accident (loss reduction), and improve workplace efficiency by appropriately involving workers in the firm's decision making.