Asheville, NC (CompNewsNetwork) - Understanding your injury incident rate both within the company and relative to similar businesses is a valuable tool to monitor safety and improve profitability. An incident rate shows how many injuries and/or illnesses occurred during a specified period of time. It can be a useful tool for tracking the level of workplace injuries and illness over time, or it can serve as a benchmark for comparing your company with others in your industry or divisions within your company.

The Bureau of Labor Statistics (BLS) has an easy-to-use online calculator http://data.bls.gov/IIRC/?data_tool=IIRC to determine incident rates.

The formula uses a common base and time period to allow firms to determine problem areas and progress in preventing work-related injuries and illnesses. In addition, detailed comparisons by industry and size of firm are possible. Employers can compare total recordable injuries and illnesses, as well as cases with days away to evaluate the relative incidence rate of injury and illness.

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