TEXT VERSION OF SLIDE:
|Accident Costs||1% Profit||2% Profit||3% Profit|
|$ 1,000||$ 100,000||$ 50,000||$ 33,000|
|$ 5,000 (circled in yellow)||$ 500,000||$ 250,000 (Circled in yellow with note: It is necessary to sell an additional $250,000 in products or services to pay the cost of $5,000 annual losses||$ 167,000|
|$ 10,000||$ 1,000,000||$ 500,000||$ 330,000|
|$ 25,000||$ 2,500,000||$ 1,250,000||$ 833,000|
|$ 100,000||$ 10,000,000||$ 5,000,000||$ 3,330,000|
* Source: OSHA's Safety Pays Web Site, 2004
[Includes clipart image of money tree.]
From the OSHA Safety Pays website.
Another way to view the negative impact of even one accident on the business --
If your profit averages 2% and Direct/Indirect costs total $5,000 then you need an additional 1/4 million dollars in sales to break even --
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