Diagnosis and monetary quantification of occupational injuries by indices related to human capital loss: Analysis of a steel company as an illustration

Jau Jiuan Sheu, Jing Shiang Hwang, Jung Der Wang

Research output: Contribution to journalArticle

11 Citations (Scopus)

Abstract

Prevention of occupational injuries is an important task of human resource management. In this study, new indices of human capital loss of occupational injury including cumulative injury rate, proportion of potential workdays lost, and potential salary lost were applied to the analysis of registry data of occupational injuries from 1986 to 1994 of a steel company in Taiwan. In addition, we compared these indices with disabling frequency rate and severity rate. The results showed that the average disabling frequency rate and cumulative injury rate of the whole company were 4.12 and 0.41, respectively; and the average disabling severity rate and proportion of potential workdays lost of the whole company were 563 and 229 × 10-6, respectively, during 1986-1994. There was no consistent improvement in occupational safety in this period. The average potential salary lost of the whole company was more than US$ 2 million per year with a discount rate of 0.04, which was equivalent to 92 times of average annual income of a worker. The major monetary loss were due to non-traffic injuries of operators and traffic injuries of non-operators, which amounted to US$ 145 and 152 per person per year. As the new indices can provide additional information on lifetime occupational risk and human capital loss in monetary values, we concluded that they may be useful supplementary tools for monitoring and analyzing occupational injury data in a company.

Original languageEnglish
Pages (from-to)435-443
Number of pages9
JournalAccident Analysis and Prevention
Volume32
Issue number3
Publication statusPublished - May 2000

Fingerprint

Occupational Injuries
occupational injury
Steel
quantification
human capital
Economics
Salaries and Fringe Benefits
Wounds and Injuries
Wages
Industry
salary
Occupational risks
Occupational Health
Human resource management
Taiwan
occupational safety
human resource management
Registries
traffic
monitoring

Keywords

  • Cumulative injury rate
  • Potential salary lost
  • Potential salary lost per person
  • Proportion of potential workdays lost

ASJC Scopus subject areas

  • Chemical Health and Safety
  • Safety, Risk, Reliability and Quality
  • Public Health, Environmental and Occupational Health
  • Human Factors and Ergonomics
  • Law
  • Safety Research
  • Transportation

Cite this

Diagnosis and monetary quantification of occupational injuries by indices related to human capital loss : Analysis of a steel company as an illustration. / Sheu, Jau Jiuan; Hwang, Jing Shiang; Wang, Jung Der.

In: Accident Analysis and Prevention, Vol. 32, No. 3, 05.2000, p. 435-443.

Research output: Contribution to journalArticle

@article{abbab5ec9400483294ea862151cfbd6d,
title = "Diagnosis and monetary quantification of occupational injuries by indices related to human capital loss: Analysis of a steel company as an illustration",
abstract = "Prevention of occupational injuries is an important task of human resource management. In this study, new indices of human capital loss of occupational injury including cumulative injury rate, proportion of potential workdays lost, and potential salary lost were applied to the analysis of registry data of occupational injuries from 1986 to 1994 of a steel company in Taiwan. In addition, we compared these indices with disabling frequency rate and severity rate. The results showed that the average disabling frequency rate and cumulative injury rate of the whole company were 4.12 and 0.41, respectively; and the average disabling severity rate and proportion of potential workdays lost of the whole company were 563 and 229 × 10-6, respectively, during 1986-1994. There was no consistent improvement in occupational safety in this period. The average potential salary lost of the whole company was more than US$ 2 million per year with a discount rate of 0.04, which was equivalent to 92 times of average annual income of a worker. The major monetary loss were due to non-traffic injuries of operators and traffic injuries of non-operators, which amounted to US$ 145 and 152 per person per year. As the new indices can provide additional information on lifetime occupational risk and human capital loss in monetary values, we concluded that they may be useful supplementary tools for monitoring and analyzing occupational injury data in a company.",
keywords = "Cumulative injury rate, Potential salary lost, Potential salary lost per person, Proportion of potential workdays lost",
author = "Sheu, {Jau Jiuan} and Hwang, {Jing Shiang} and Wang, {Jung Der}",
year = "2000",
month = "5",
language = "English",
volume = "32",
pages = "435--443",
journal = "Accident Analysis and Prevention",
issn = "0001-4575",
publisher = "Elsevier Limited",
number = "3",

}

TY - JOUR

T1 - Diagnosis and monetary quantification of occupational injuries by indices related to human capital loss

T2 - Analysis of a steel company as an illustration

AU - Sheu, Jau Jiuan

AU - Hwang, Jing Shiang

AU - Wang, Jung Der

PY - 2000/5

Y1 - 2000/5

N2 - Prevention of occupational injuries is an important task of human resource management. In this study, new indices of human capital loss of occupational injury including cumulative injury rate, proportion of potential workdays lost, and potential salary lost were applied to the analysis of registry data of occupational injuries from 1986 to 1994 of a steel company in Taiwan. In addition, we compared these indices with disabling frequency rate and severity rate. The results showed that the average disabling frequency rate and cumulative injury rate of the whole company were 4.12 and 0.41, respectively; and the average disabling severity rate and proportion of potential workdays lost of the whole company were 563 and 229 × 10-6, respectively, during 1986-1994. There was no consistent improvement in occupational safety in this period. The average potential salary lost of the whole company was more than US$ 2 million per year with a discount rate of 0.04, which was equivalent to 92 times of average annual income of a worker. The major monetary loss were due to non-traffic injuries of operators and traffic injuries of non-operators, which amounted to US$ 145 and 152 per person per year. As the new indices can provide additional information on lifetime occupational risk and human capital loss in monetary values, we concluded that they may be useful supplementary tools for monitoring and analyzing occupational injury data in a company.

AB - Prevention of occupational injuries is an important task of human resource management. In this study, new indices of human capital loss of occupational injury including cumulative injury rate, proportion of potential workdays lost, and potential salary lost were applied to the analysis of registry data of occupational injuries from 1986 to 1994 of a steel company in Taiwan. In addition, we compared these indices with disabling frequency rate and severity rate. The results showed that the average disabling frequency rate and cumulative injury rate of the whole company were 4.12 and 0.41, respectively; and the average disabling severity rate and proportion of potential workdays lost of the whole company were 563 and 229 × 10-6, respectively, during 1986-1994. There was no consistent improvement in occupational safety in this period. The average potential salary lost of the whole company was more than US$ 2 million per year with a discount rate of 0.04, which was equivalent to 92 times of average annual income of a worker. The major monetary loss were due to non-traffic injuries of operators and traffic injuries of non-operators, which amounted to US$ 145 and 152 per person per year. As the new indices can provide additional information on lifetime occupational risk and human capital loss in monetary values, we concluded that they may be useful supplementary tools for monitoring and analyzing occupational injury data in a company.

KW - Cumulative injury rate

KW - Potential salary lost

KW - Potential salary lost per person

KW - Proportion of potential workdays lost

UR - http://www.scopus.com/inward/record.url?scp=0034181960&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0034181960&partnerID=8YFLogxK

M3 - Article

C2 - 10776862

AN - SCOPUS:0034181960

VL - 32

SP - 435

EP - 443

JO - Accident Analysis and Prevention

JF - Accident Analysis and Prevention

SN - 0001-4575

IS - 3

ER -