New White Paper: The Cost and ROI of Ergonomics Programs
Learn how to reliably demonstrate the business value of an ergonomics program. This free white paper from Humantech summarizes a new benchmarking study which aimed to quantify the return on investment (ROI) of an ergonomics program at a single location. The study collected specific program information including the investment of time, resources, cost, and the results achieved by the program.
This is the fifth in a series of benchmarking studies since 2007. “Our goal was to measure the payback of the ergonomics program at a given site. Over the years, we’ve been able to measure the ROI of engineering controls of specific tasks, however the payback of an established site ergonomics program remained unknown,” explains Walt Rostykus, vice president.
As a result of this study, several trends were identified. A few include:
- The ROI of a site ergonomics program can exceed three times the investment.
- The simple formula for ROI allows safety and ergonomics program managers to demonstrate and tie the value of their program to the organization’s bottom line.
- Most organizations do not collect, or have readily available, the investment and performance information needed to calculate the ROI of their ergonomics program.