How do you calculate the Return on Investment (ROI) for ergonomics initiatives? The goal of ergonomic interventions is to eliminate or reduce injuries and injury claim costs, and to improve the health and well-being of workers; however, calculating ROI based on these factors is not an easy feat. To effectively calculate your ROI, you need to incorporate meaningful business metrics, such as ergonomic risk reduction and/or productivity increases. There are several calculators and tools available to help you to calculate the potential ROI for ergonomic solutions you are considering. Does anyone have any comments on these? Do you have any others?
Examples of ROI calculators for ergonomic solutions:
Cornell University Return on Investment (ROI) Estimator
Equipois Return on Investment (ROI) Calculator