July 30: IRSST Releases Report on Costs of Workplace Injuries
A new report from the IRSST tries to indentify, define and classify the costs of occupational injuries and catalogue the various economic approaches used to estimate the related costs. It groups the costs of occupational injuries into three categories:
- Direct costs, which are associated with the treatment and “repair” of the injury, such as medical costs. Direct cost data is usually easy to get and doesn’t require the use of special estimation methods.
- Indirect costs are related to the lost opportunities for the injured worker, employer, co-workers and community, such as salary costs, administrative costs and productivity losses. Compared to direct costs, indirect costs are usually more difficult to measure and are rarely insured.
- Human costs relate to the value of the change in the quality of life of the worker and the people around him.