TRIR stands for “Total Recordable Incident Rate.” OSHA developed this calculation to gauge a company’s safety record compared to its peers. It looks at the number of recordable incidents per 100 full-time workers during a year. OSHA injury reporting data is publicly available, as are the industry averages. This can be a blessing or a curse, depending on which side of the average you fall.
Falling Above the Injury Rate Average for Your Industry…
You’re exposing yourself to reputational damage, never mind the potential for fines and lawsuits, and higher insurance premiums. Amazon has found itself in the headlines recently, as their data showed they reported injury rates twice as high as the injury average. This story has been plastered all over the news, added fuel to the workers’ push to unionize in several locations, and can’t have helped their hiring rate. Also poor TRIR scores may lead to an increase in surprise OSHA inspections and penalties. In addition, OSHA may increase its oversight of your company’s EHS programs. In turn if your TRIR data is higher than industry averages, your workers comp injuries may be higher than industry average as well. Which will increase your experience modifier which results in increased insurance premiums. The higher your incident rate, the higher you could be paying for insurance. There are plenty of steps you can take to lower your TRIR. The sooner you take action, the sooner you can keep your company off the radar. Feel free to reach out to our Risk Management team to assist you.
Falling Below the Injury Rate Average for Your Industry…
Shout it from the rooftops! Consumers, investors, and job hunters are monitoring this info. You’re doing something right – make sure everyone knows about it!
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