KPI Library
Navigate your organization to excellence with 17,288 KPIs at your fingertips.




Why use the KPI Library?

Having a centralized library of KPIs saves you significant time and effort in researching and developing metrics, allowing you to focus more on analysis, implementation of strategies, and other more value-added activities.

This vast range of KPIs across various industries and functions offers the flexibility to tailor Performance Management and Measurement to the unique aspects of your organization, ensuring more precise monitoring and management.

Each KPI in the KPI Library includes 12 attributes:

  • KPI definition
  • Potential business insights [?]
  • Measurement approach/process [?]
  • Standard formula [?]
  • Trend analysis [?]
  • Diagnostic questions [?]
  • Actionable tips [?]
  • Visualization suggestions [?]
  • Risk warnings [?]
  • Tools & technologies [?]
  • Integration points [?]
  • Change impact [?]
It is designed to enhance Strategic Decision Making and Performance Management for executives and business leaders. Our KPI Library serves as a resource for identifying, understanding, and maintaining relevant competitive performance metrics.

Need KPIs for a function not listed? Email us at support@flevy.com.


We have 58 KPIs on Health & Safety Management in our database. KPIs are critical in Health & Safety Management within Operations Management as they provide quantifiable metrics to evaluate the effectiveness of safety protocols and initiatives. They enable organizations to track progress towards specific safety goals, helping to reduce workplace incidents and ensure compliance with regulatory standards.

By analyzing trends and identifying areas of risk, KPIs facilitate proactive measures to mitigate potential hazards before they lead to accidents or injuries. Moreover, KPIs assist in benchmarking performance against industry standards or best practices, fostering a culture of continuous improvement. This focus on measurable outcomes not only enhances the well-being of employees but also optimizes operational efficiency and can lead to cost savings by minimizing downtime and avoiding penalties for safety violations.

  Navigate your organization to excellence with 17,288 KPIs at your fingertips.
$189/year
KPI Definition Business Insights [?] Measurement Approach Standard Formula
Chemical Safety Compliance Rate

More Details

The compliance rate with chemical safety protocols, including proper storage, handling, and disposal. Provides insights into the effectiveness of chemical management and potential risks for non-compliance penalties. Considers the percentage of chemicals handled, stored, or disposed of in compliance with regulations and internal policies. (Number of Compliant Chemical Handling, Storage, or Disposal Instances / Total Number of Chemical Handling, Storage, or Disposal Instances) * 100
Compliance Audit Score

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A score reflecting the degree to which operations comply with internal and external health and safety regulations. Highlights the organization's adherence to industry standards and regulations, identifying areas for improvement in compliance. Measures the cumulative score of compliance across various audit checklists and criteria. Sum of Compliance Scores Across Audit Checklists / Total Number of Audit Checklists
Contractor Safety Management Score

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A measure of the effectiveness of safety management for contractors and temporary workers. Assesses how effectively contractors are managed in terms of safety, impacting overall workplace safety. Accounts for the safety performance and compliance of contractors, including training, incident rates, and adherence to safety protocols. Sum of Contractor Safety Metrics Scores / Total Number of Safety Metrics
KPI Library
$189/year

Navigate your organization to excellence with 17,288 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 58 KPIs under Health & Safety Management
  • 17,288 total KPIs (and growing)
  • 360 total KPI groups
  • 107 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.

Control of Substances Hazardous to Health (COSHH) Compliance Rate

More Details

The compliance rate with regulations for controlling substances hazardous to health. Reflects the ability to manage hazardous substances safely, reducing health risks to employees. Measures the percentage of operations that comply with COSHH regulations regarding hazardous substance management. (Number of COSHH Compliant Operations / Total COSHH Applicable Operations) * 100
Corrective Action Closure Rate

More Details

The percentage of safety-related corrective actions that have been resolved or closed out within a specified time frame. Indicates the efficiency and effectiveness of the organization in addressing identified safety issues. Measures the percentage of identified corrective actions that have been completed and closed within a specified time frame. (Number of Corrective Actions Closed / Total Number of Corrective Actions Identified) * 100
Critical Equipment Inspection Rate

More Details

The percentage of scheduled inspections completed on time for equipment deemed critical to health and safety. Reflects the reliability of critical equipment and the potential risk of failure or incidents. Measures the percentage of scheduled inspections completed on time for critical equipment. (Number of Completed Inspections for Critical Equipment / Total Number of Scheduled Critical Equipment Inspections) * 100

Types of Health & Safety Management KPIs

KPIs for managing Health & Safety Management can be categorized into various KPI types.

Incident KPIs

Incident KPIs measure the frequency and severity of workplace accidents and near-misses. These KPIs are crucial for identifying patterns and areas of concern within the organization. When selecting these KPIs, ensure they are comprehensive enough to cover all types of incidents, from minor injuries to major accidents. Examples include Total Recordable Incident Rate (TRIR) and Lost Time Injury Frequency Rate (LTIFR).

Compliance KPIs

Compliance KPIs track adherence to health and safety regulations and standards. These KPIs are essential for ensuring that the organization meets legal requirements and avoids penalties. Select KPIs that reflect both internal policies and external regulations to provide a holistic view of compliance. Examples include the number of compliance audits passed and the percentage of safety training completed.

Behavioral KPIs

Behavioral KPIs assess the safety-related behaviors and attitudes of employees. These KPIs help in understanding how well safety protocols are being followed on the ground. Choose KPIs that can be measured through observations and surveys to capture real-time data. Examples include the number of safety observations and the results of safety culture surveys.

Training KPIs

Training KPIs evaluate the effectiveness and reach of health and safety training programs. These KPIs are vital for ensuring that employees are well-equipped to handle safety risks. Focus on KPIs that measure both the quantity and quality of training sessions. Examples include the number of training hours per employee and the pass rate of safety certification exams.

Cost KPIs

Cost KPIs measure the financial impact of health and safety initiatives and incidents. These KPIs are important for understanding the economic implications of safety measures. Select KPIs that capture both direct and indirect costs to provide a complete financial picture. Examples include the cost of safety training programs and the financial impact of workplace injuries.

Response KPIs

Response KPIs track the efficiency and effectiveness of the organization's response to safety incidents. These KPIs are crucial for evaluating the readiness and capability of emergency response teams. Choose KPIs that measure both the speed and quality of the response. Examples include the average response time to incidents and the effectiveness of incident investigations.

Acquiring and Analyzing Health & Safety Management KPI Data

Organizations typically rely on a mix of internal and external sources to gather data for Health & Safety Management KPIs. Internal sources include incident reports, safety audits, and employee surveys, which provide firsthand data on safety practices and incidents. External sources such as regulatory bodies and industry benchmarks offer valuable insights into compliance and best practices. According to a study by Deloitte, 72% of organizations use a combination of internal and external data to inform their health and safety strategies.

Once the data is acquired, it is crucial to analyze it effectively to derive actionable insights. Data analytics tools and software can help in identifying trends, patterns, and anomalies in the data. For instance, predictive analytics can forecast potential safety risks based on historical data, enabling proactive measures. McKinsey reports that organizations using advanced analytics in health and safety management see a 15-20% reduction in workplace incidents.

Visualization tools such as dashboards can make it easier for executives to monitor KPIs in real-time. These tools can provide a comprehensive view of health and safety performance, highlighting areas that require immediate attention. For example, a spike in the Total Recordable Incident Rate (TRIR) on a dashboard can prompt a quick investigation and corrective action.

Benchmarking against industry standards is another effective way to analyze Health & Safety Management KPIs. By comparing your organization's performance with industry peers, you can identify areas for improvement and set realistic targets. According to a report by PwC, organizations that benchmark their health and safety performance are 30% more likely to achieve their safety goals.

Regular reviews and updates of KPIs are essential to ensure they remain relevant and aligned with organizational goals. This involves periodic assessments of the KPIs' effectiveness and making necessary adjustments based on changing conditions and new insights. Continuous improvement in KPI management can lead to sustained enhancements in health and safety performance.

KPI Library
$189/year

Navigate your organization to excellence with 17,288 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 58 KPIs under Health & Safety Management
  • 17,288 total KPIs (and growing)
  • 360 total KPI groups
  • 107 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.

FAQs on Health & Safety Management KPIs

What are the most important KPIs for measuring health and safety performance?

The most important KPIs for measuring health and safety performance include Total Recordable Incident Rate (TRIR), Lost Time Injury Frequency Rate (LTIFR), and the number of compliance audits passed. These KPIs provide a comprehensive view of both incident frequency and regulatory adherence.

How can we improve our health and safety KPIs?

Improving health and safety KPIs involves a combination of enhanced training programs, stricter compliance measures, and better incident reporting systems. Regularly reviewing and updating your KPIs based on new data and industry benchmarks can also drive continuous improvement.

What sources are best for acquiring health and safety data?

The best sources for acquiring health and safety data include internal incident reports, safety audits, and employee surveys, as well as external sources like regulatory bodies and industry benchmarks. Combining these sources provides a holistic view of your health and safety performance.

How often should health and safety KPIs be reviewed?

Health and safety KPIs should be reviewed at least quarterly to ensure they remain relevant and aligned with organizational goals. However, more frequent reviews may be necessary in high-risk industries or during periods of significant operational change.

What role does technology play in health and safety KPI management?

Technology plays a crucial role in health and safety KPI management by enabling real-time data collection, advanced analytics, and visualization. Tools like dashboards and predictive analytics can help identify trends and potential risks, facilitating proactive measures.

How do we benchmark our health and safety KPIs against industry standards?

Benchmarking your health and safety KPIs against industry standards involves comparing your performance metrics with those of industry peers. This can be done through industry reports, regulatory data, and third-party benchmarking services, helping identify areas for improvement.

What are the financial benefits of effective health and safety KPI management?

Effective health and safety KPI management can lead to significant financial benefits, including reduced costs from workplace injuries, lower insurance premiums, and improved productivity. According to a report by McKinsey, organizations with robust health and safety programs see a 15-20% reduction in workplace incidents.

How can we ensure our health and safety KPIs are aligned with organizational goals?

Ensuring your health and safety KPIs are aligned with organizational goals involves regular reviews and updates, stakeholder engagement, and integrating KPIs into the broader strategic planning process. This alignment helps in driving organizational commitment to health and safety initiatives.

KPI Library
$189/year

Navigate your organization to excellence with 17,288 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 58 KPIs under Health & Safety Management
  • 17,288 total KPIs (and growing)
  • 360 total KPI groups
  • 107 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.




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