IRE378H1 Lecture Notes - Lecture 1: Brand Equity, Indirect Costs, Feedback
30 Mar 2018
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Ire378 week 1 notes introduction & health and safety mechanics. Costs to workers: lost labour market earnings, shortened career. Lost retirement earnings: deterioration of health status, now, and in the future, lost of enjoyment of non-work life, possibly reduced life expectancy, medical care/assisted living costs, vocational retraining costs - monetary and psychological, costs to employers, direct costs. Long and short term disability benefit payments: workers" compensation costs, medical care costs, closes of managing those benefits. Lost-production: replacement workers, overtime, training, risk of injury to co-workers, costs of hiring, costs of training, reduced productivity, reduced morale, bad publicity and tarnished "brand equity" Supervisory time: disability management costs, claims management (as opposed to claims processing, return-to-work programs, wellness programs, employee assistance programs (eap"s, medical clinics, data systems. Evolving thinking and changing nature of work: old world: focus on "traditional" occupational health and sefety.
