Leading & Lagging Indicators

03-04-2024

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#Safety 17

Leading & Lagging Indicators 

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For high-risk industries, where the potential for accidents and incidents is significantly higher, focusing on both leading and lagging safety metrics and KPIs is crucial. These metrics provide insights into current safety performance and help predict future safety performance. 

Let's review some essential safety metrics and KPIs for high-risk industries:

Leading Indicators:

Leading indicators are proactive, preventive measures that provide early warning signs of potential safety issues before they result in injury or damage.

1. Near Misses.

2. Safety Training Completion Rates.

3. Safety Audits and Inspections.

4. Employee Participation in Safety Programs.

5. Corrective Actions Closure Rate.

6. Risk Assessments.

Lagging Indicators:

Lagging indicators are historical data points that measure the occurrence and severity of accidents, indicating the effectiveness of safety measures.

1. Total Recordable Incident Rate (TRIR).

2. Lost Time Injury Frequency Rate (LTIFR).

3. Severity Rate.

4. Fatality Rate.

5. Worker’s Compensation Costs.

6. Occupational Illnesses Rate.

Cross-functional Metrics:

These metrics provide a broader perspective on safety and its impact on overall operational performance.

1. Safety Culture Assessment.

2. Emergency Response Time.

3. Environmental Incidents.

Custom Metrics:

HSE-RMSOLUTIONS, develop custom metrics tailored to specific operational needs or industry requirements. These custom metrics can focus on unique aspects of process safety, fire safety, and environmental protection that are critical to your industry.

Regards,

Piyush Tripathi HSE&F 

HSE-RM SOLUTIONS 

Your Partner In Safety...