Understanding and performing economic assessments at the company level

Overview

Improvement of safety and health of workers can bring appealing economic benefits for both companies and societies as a whole. It is difficult, however, to convince employers and decision makers of the profitability of improving working conditions. An effective way is to make financial or economic estimations. This publication describes a hands-on approach that can be used in making economic assessments. After a brief introduction in Chapter 1, the most important pitfalls and explanations about relevant principles are summarized in Chapters 2 and 3. Chapter 4 provides practical outlines. References and suggestions for further reading are listed in Chapter 5.