The plan for Safety and Compliance Management focuses on measuring key metrics to enhance workplace safety. Metrics such as Incident Rate and Training Completion Rate provide insights into how safe the work environment is and how well employees are prepared to handle potential hazards. For example, a low Incident Rate suggests effective safety practices, while a high Training Completion Rate indicates successful employee engagement in safety programs.
Furthermore, metrics like Audit Finding Closure Rate and Employee Safety Observation Frequency help identify and address safety issues proactively. The Audit Finding Closure Rate ensures that identified issues are resolved promptly, maintaining compliance and safety standards. Meanwhile, a high frequency of safety observations reflects a culture that values and acts upon employee input, promoting ongoing safety improvements.
Top 5 metrics for Safety and Compliance Management
1. Incident Rate
Measures the number of safety incidents per number of hours worked, indicating overall workplace safety.
What good looks like for this metric: 3.0 incidents per 100 employees annually
How to improve this metric:- Conduct regular safety audits
- Enhance employee safety training programs
- Implement stricter safety protocols
- Improve incident reporting systems
- Involve employees in safety planning
2. Training Completion Rate
Percentage of employees who have completed required safety training within a set time period.
What good looks like for this metric: 95% completion rate
How to improve this metric:- Automate training reminders
- Provide flexible training schedules
- Incorporate online training modules
- Track progress with a learning management system
- Reward timely completion with incentives
3. Audit Finding Closure Rate
Percentage of identified compliances or safety issues that have been addressed within a designated time frame.
What good looks like for this metric: 100% closure within 30 days
How to improve this metric:- Assign responsibilities for issue resolution
- Set clear deadlines for issue closure
- Monitor progress with regular check-ins
- Establish a robust feedback mechanism
- Use software tools to track progress
4. Employee Safety Observation Frequency
Frequency of safety observations made by employees, indicating proactive safety engagement.
What good looks like for this metric: 2 observations per employee per month
How to improve this metric:- Encourage a culture of safety communication
- Provide easy tools for reporting observations
- Recognise employees for contributing observations
- Conduct regular safety awareness campaigns
- Offer training on identifying potential hazards
5. Cost of Compliance Management
Total cost incurred in ensuring compliance with safety standards, as a percentage of overall operational cost.
What good looks like for this metric: 3-5% of total operational cost
How to improve this metric:- Identify cost-effective compliance tools
- Negotiate better terms with compliance vendors
- Streamline compliance processes
- Automate repetitive compliance tasks
- Analyze cost-effectiveness of current strategies
How to track Safety and Compliance Management metrics
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your metrics.
