The method of figuring out the Misplaced Time Harm Fee (LTIR) entails analyzing office security data to quantify the variety of accidents leading to misplaced workdays. For instance, an organization with 100 staff and 200,000 hours labored throughout a 12 months, experiencing two accidents requiring a complete of 10 misplaced workdays, would have an LTIR of 0.1. This metric supplies a quantifiable measure of office security efficiency.
This measurement provides useful insights into the effectiveness of security applications and helps organizations determine areas needing enchancment. By monitoring this fee over time, corporations can monitor tendencies, benchmark towards trade averages, and reveal a dedication to a secure work setting. Traditionally, standardized security metrics like this have pushed vital enhancements in office circumstances and fostered a tradition of proactive security administration.
