When it comes to communicating the ROI or cost justification for a program, numbers say a lot.
You need to ensure that a proposed solution to a problem, like an ergonomics program to address musculoskeletal disorders (MSDs), will benefit your organization in the long-term. And, you want to have data on the costs and benefits of it to help your decision-makers easily see the value in that ergonomics program.
You can find that data by estimating and measuring the return-on-investment (ROI) of implementing an ergonomics program. Measuring ROI is paramount to determining if your solution actually solved your issue, and if it's worth putting more money into. ROI can be calculated by various methods to measure the metrics that matter to an organization—like dollars. Yet, many businesses don't calculate it!
These calculators do the work for you so that you can get clear answers quickly to share with your decision-makers.
Looking for more on ROI and cost justification?
Take a look at these resources, with hours of valuable information.
Understanding the Total Cost of an Injury
Some costs associated with a workplace injury are apparent, while others are less easily attributed to any specific injury (also called “visible” and “hidden” costs).
“Working from Home: Challenges, Benefits and ROI”
This webinar breaks down the calculated insights from many recent surveys and reports to show how working from home has impacted the current workforce and will influence its future.
What can the VelocityEHS Accelerate® Platform do for you?