Misplaced Time Incident Charge (LTIR) is a measure of office security. It quantifies the variety of lost-time incidents occurring inside a selected timeframe relative to the full variety of hours labored. A lost-time incident refers to an occupational damage or sickness that ends in an worker being unable to carry out their common job duties for a minimum of someday. The ensuing worth gives a standardized method to examine security efficiency throughout completely different organizations or throughout the similar group over completely different durations. The components usually entails dividing the variety of lost-time incidents by the full hours labored after which multiplying by a continuing, typically 200,000 (representing the equal of 100 staff working 2,000 hours per yr).
Calculating this fee is essential for a number of causes. It permits organizations to benchmark their security efficiency in opposition to {industry} averages and determine areas the place enhancements are wanted. It gives a quantifiable metric that can be utilized to trace the effectiveness of security packages and initiatives. A declining fee means that security efforts are profitable, whereas an growing fee could point out a must re-evaluate security protocols and coaching. Traditionally, this metric has been used to grasp the impression of security interventions and prioritize useful resource allocation for threat discount.
