A study of Ontario employers

Estimating the Financial Benefits of OHS Prevention Expenditures

The objective of this study was to apply a transparent methodology to estimate the financial return to employers from these OHS expenditures in Ontario.

Wednesday, October 5, 2022, 11:30am EST

While employer expenditures on occupational health and safety (OHS) in high income countries can be substantial, the financial benefits of these expenditures are not well described. There were three phases in the study workplan:

  • establishing an accurate estimate of the average direct cost of disabling work injury or illness;
  • identifying employers in the construction, transportation and manufacturing sectors with a low incidence of work-related injury and illness;
  • and the application of a set of plausible assumptions to estimate the financial benefits of OHS expenditures in this sample of employers with strong OHS performance.

The estimates of average financial return among large Ontario employers in three important economic sectors were moderate and positive, in the range of 1.24 to 2.14. These estimates are consistent with the range of estimates available from research in this field over the past decade.

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Presentation by: Basak Yanar, PhD
Associate Scientist, Institute for Work & Health Assistant Professor, Dalla Lana School of Public Health, University of Toronto

Dr. Cameron Mustard Adjunct Scientist, Institute for Work & Health

Estimating the Financial Benefits of OHS Prevention Expenditures

This event is hosted by EMC's Health & Safety Excellence team.

Wednesday, October 5, 2022, 11:30am EST

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