Injury Cost Calculator

Workplace related injuries, impose costs on employers and workers, these include both direct and indirect costs.

The $38,000 amount is taken from an average work related injury - source Safe Work Australia

Calculation based on Direct Cost x 4 = Indirect Cost

Total Cost = Direct Cost + Indirect Cost

Revenue Required = ( Total Cost ) / ( % Profit Margin / 100 ) Or Revenue Required = ( C ) / ( D / 100 )

Workplace related injuries, impose costs on employers and workers, these include both direct and indirect costs. The direct cost can be easily calculated and include items such as Workers Compensation premiums, or payments to injured workers.  Indirect costs, include lost productivity, lost potential output and cost of providing return to work programs for injured workers. The level of costs varies with the severity of the injury.

This calculator is a quick and easy way to identify the true cost and revenue required to offset the cost.

Find out more about Injury Cost:

Element

Become a Member


Continue