iiwrs'
ment that often results from an acci
dent; and other hidden costs that are
too numerous to mention).
Based on this formula of “four” dol
lars hidden cost for each dollar that
is spent for Medical, Compensation,
and Permanent Partial Losses, we
find that our accidents here have al
ready added $375,000 to our operat
ing expenses since the plant started
operations. In fact, this amount rep
resents an average of over $286.00
per employee over a ten year period.
(Incidentally, we do know from ex
perience that the hidden cost is often
much higher than the accepted fig
ure of “four” dollars).
costs per month and year s
plant started operations,
a monthly figure of $3,0
yearly figure of $36,290.
ie the
have
Using the loss of $375,000 as a basis,
it represents a cOjS^ p^iiJiour
_
-tire^y^r 14^o^J‘
r '^mn^iTn^r''pa7rnii:
- Better still, lets look at this expendi-
>' ture from the standpoint of actual
In February we spoke about
how each individual wayffiected by
the needless suffering/,/^^a/^ss of
wages that automaticml^^^^nd in
hand with accident cases, an
to again assure you that thi
tion of these two items wi
foremost in our minds at
However, we must not forgel
cidents are costly to the Com]
as evidenced by the above
Since the person who gets hurl
ways the greatest loser, th(
logical reason why each oL
t-etico- tbe~a£e-old.
of self-
T^s '^iT 'i^^sdlveToTS^^^ Company
as well as to help ourselves, by join
ing in the CRUSADE AGAINST AC
CIDENTS.