Accident Incident Rate
Whilst accidents can happen, minimising their occurrence and taking appropriate steps to ensure they do not become a regular event is crucial in order to establish a safe and happy workplace – and to save on legal fees! Accident Incident Rate measures the number of accidents which have occurred as a percentage of your workforce or of jobs worked. The closer this value is to zero the better. A high Accident Incident Rate may highlight problems with Staff Training, inefficient Foreman management or other workplace concerns that require further investigations.
Making the KPI
To calculate Accident Rate you will need to know:
- Number of accidents which have occurred within a period
- Number of employees in your workforce or number of jobs worked within a period
Both pieces of information are non-financial values which would need to be imported into FUTRLI via CSV. Below we are importing our number of employees and then the number of accidents which have occurred throughout the year:
Once imported, you can calculate your Accident Incident Rate by dividing the number of Accidents which have occurred by your number of Employees or Jobs worked. In our example below, we’ve set both values to cumulative so that we can see this as a running total that increases throughout the year: