Has anyone implemented the OHSAS 18001 std and done a cost analysis for ROI? I want to present some approximate numbers upstream in my company and $ seems to always raise the most attention. Any info on this would be appreciated.
Thx
David:thanks:

Has anyone implemented the OSHAS 18001 std and done a cost analysis for ROI? I want to present some approximate numbers upstream in my company and $ seems to always raise the most attention. Any info on this would be appreciated.
Thx
David:thanks:

We have not implemented OHSAS 18001, but we have implemented the International Safety Rating System. When it comes to safety, there isn't so much a direct ROI as there is a potential savings to calculate.

When implementing a safety management sytsem, forecast how this will help:

Reduce direct and indirect costs associated with medical aids.
Reduce direct and indirect costs associated wtih lost times.
Possible insurance cost savings.
Possible insurance refunds.


And then, of course, there are the tangible benefits like morale and people wanting to work for your company because they know they'll be going home in one piece at the end of the shift.

When it comes to safety, there isn't so much a direct ROI as there is a potential savings to calculate.Right on.
What is the ROI when you buy car insurance? You can not calculate it since you don't know IF your car will be stolen or crash. You are "managing" risks.

SKF first international bearing Group to achieve global OHSAS 18001 certification 2006-01-16, 09:39 http://www.skf.com/images/icon_pressrelease.gifhttp://www.skf.com/images/space.gifThe SKF Group has now been certified to the health and safety management standard
OHSAS 18001 by Det Norske Veritas. SKF is the first of the major bearing manufacturers to achieve this certification and is also, according to DNV, the largest organisation to be certified by them to OHSAS 18001.

The approval covers 82 units in 24 countries.

OHSAS stands for Occupational Health and Safety Assessment Series. OHSAS 18001 is an international standard for health and safety management, to which organisations can be certified externally. OHSAS 18001 is the health and safety equivalent of the environmental management standard ISO 14001.

SKF's main objective with the OHSAS 18001 certification is to assist SKF units in their drive to achieve zero accidents (work-related injuries and illness), through effective health and safety management systems of all units world-wide.

The project was started in September 2003, with a target of certification of the Group during 2005. The tight schedule reflected SKF's commitment to the elimination of work-related injuries and illness.

Since the introduction of the "Zero Accidents" initiative in 2000, SKF has cut the accident rate for the Group by around 75%.

Göteborg, January 16, 2006

Aktiebolaget SKF
(publ)
For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541, e-mail: Lars.G.Malmer@skf.com (Lars.G.Malmer@skf.com)
IR: Marita Björk, SKF Investor Relations, tel:+46 (0)31 3371994, e-mail: marita.bjork@skf.com (marita.bjork@skf.com).

It's always nice to have dollar figures to show and tell, even if those figures are based on hypothetical incidents. What sort of accident would make ROI sense to avoid by implementing a robust program?

I have revised my Quality Costs calculator for safety program use. You can try it out if you'd like, I'll attach it here.

I hope this helps!