Newspapers / The Echo (Pisgah Forest, … / April 1, 1950, edition 1 / Page 18
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to show that for each dollar spent for Medical, Compensation, and Perman ent Partial Losses on accident cases, there is a definite hidden cost of “four” dollars. (This hidden cost con sists of the time spent by Supervisors in assisting with the handling of the injured person, investigating the ac cident, and seeing that the injured person is replaced on the job; the loss of production not only on the job the person was working on, but on other surrounding jobs where employees will naturally stop, look, and listen; the cost of medical supplies, the serv ices of the doctor and nurses, and transportation, which are never in^ eluded in the direct costs; the time spent by the Safety Department in in- vestigating and trying to eliminai^ ^ccj4^at--eg^es_ov^,^^T[s~T^^^lTil^ ~ajC^iHento ivisQin riod.—^^^^^^^^ tn^Bffihg iri arid f iling^oT ail li^c^y^af} For a p'enod^of 25 years^ the NationaT^reports as required^ndier the^orE^ Safety Council as well as all Insur- men’s Compensation Act and the In ance Carriers, have compiled statistics surance Carrier; the damage to equip In industry as in our homes, the re duction of OPERATING or OVER HEAD EXPENSES will always in sure us of greater savings. This is es pecially true when applied to the cost of ACCIDENT CASES, as you will surely agree when you have finished reading this article. It is alarming to know that since the plant started operations in September 1939, our accident cases have actual ly involved the direct expenditure of $75,000. (this includes all Medical, Compensation, and payments for Per manent Partial Losses). As alarming as this may seem, it is even more startling to know that this $75,000 represents only ONE-FIFTH of the total costs connected with our
The Echo (Pisgah Forest, N.C.)
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April 1, 1950, edition 1
18
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