Nova Vita

“Quick Nick on board Helitack Slick”

How Much is an Employee Worth?

Bing Crosby, 1949, center, with CDF’s Carl Nova to his right, and Jack MacIlory to Carl’s right.

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Employee recruitment, training and retention is a big investment. When an employee is injured, your investment is at risk!  The expensive results can be:
 

a serious drop in morale

lack of confidence in leadership

loss of production

loss of quality

loss of profits

increased insurance rates

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These increased negative results are only the tip of the iceberg.  Accidents, injuries and deaths result in far greater losses — on the home front, with the company’s public image, with future employee recruitment efforts, and more!
 

Ask yourself—
is the overall safety climate of my organization a time bomb?

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According to the National Safety Council, Overall, the average cost of a work-related accident is $41,353. In 2023, there were 4,070,000 injuries in which medical attention was sought. So the estimated 2023 cost was $168,306,710,000. Preventable deaths from accidents totaled 4,543 people. Fatal work injuries recorded in the United States in 2022, a 20 percent decrease from 5,486 people. Total Workplace Deaths for 2023 – 4543 Private industry employers reported 2.6 million nonfatal workplace injuries and illnesses in 2023, down 8.4 percent from 2022. A table of workplace injuries by occupation may be found here: ( https://www.bls.gov/news.release/pdf/osh.pdf ) An estimated 29,135 people died in traffic crashes in the first nine months of 2024. This represents a decrease of about 4.4% compared to 30,490 fatalities projected for the first nine months of 2023. . [Sources NSC and BLS]

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Dale and Giselle Nova