How To Calculate A Severity Rate
How To Calculate A Severity Rate
All employers should have a high regard for the safety of their workers, in part
because accidents involving workers reduce productivity and hurt the company's
bottom line. In addition, federal regulatory agencies require that companies in certain
industries keep extensive records of accidents in which workers are injured or unable
to perform their duties. A company's severity rate describes the extent of the injuries
its workers suffer in terms of the number of days lost due to injury and the number of
incidents reported.