Assignment:
Cost/Benefit Analysis - Safety Pays Dropbox Assignment
Instructions: Answer the questions below using OSHA's Safety Pays website:
https://www.osha.gov/dcsp/smallbusiness/safetypays/estimator.html
1. There have been three incidents of carpal tunnel syndrome in the last year at your facility. The profit margin in your company is 3%. How much in additional sales does your company need to make to cover the losses from these incidents?
2. A worker at your facility had his arm amputated due to a work-related incident. Your business is quite profitable. Your profit margin is 10%. How much in additional sales does your company need to make to cover the loss from the amputation?
3. Three cases of dermatitis have been reported last year at your facility. Your business has a profit margin of 6%. How much in additional sales does your company need to make to cover this loss?
4. What if all the above injuries occurred in one plant with a profit margin of 3%? How much in additional sales would be necessary to make up the losses?