Effect on costs and employer, Operation Management

Assignment Help:

Effect on Costs and Employer: Accidents  are harmful when  we take into account  the business  of the  concern.  It adds to the  costs of production  directly  as well  as  indirectly. The employer has to  bear the  followings  costs:

a. Medical expenses to be paid to the victim

b. Compensation of injury on the basis of disablement

c. Fines which   may be  imposed upon the industry for neglecting safety measures.

d. Loss of damaged materials and machinery  involved in the accidents.

Indirect  costs: indirect  costs  of the accidents have been estimated to be higher  than direct  costs.  Indirect costs  include the followings.

a. Time  lost by  management and other  personnel  in helping  the injured person   on the spot.

b. Investigating the accident .

c. Preparing  the reports  of the accidents.

d. Time  lost by the  workers in  observing and discussing  the  accidents.

e. Training and placement of new employees

f.  The injured person  on return to turn out interior products

g. Psychological  effects on  return to duty may work with  reduced efficiency

h. If the accident is very  severe and deliveries are delayed he customers  may be  lost.


Related Discussions:- Effect on costs and employer

Explain groups differently from other employees is necessary, Compare and c...

Compare and contrast what motivates Millennials from Baby Boomers, Generation X, and Generation Y. Assess whether motivating these groups differently from other employees is necess

Explain operations management, How do I find solutions to questions in oper...

How do I find solutions to questions in operations management 10th edition by jay heizer?

#titCAREING FOR TODDLERle.., HOW TO CARE FOR A TODDLERn #Minimum 100 words ...

HOW TO CARE FOR A TODDLERn #Minimum 100 words accepted#

Explain to beat the competition to a sale, During the holidays, companies o...

During the holidays, companies often provide gifts to customers. The more a client spends, the larger the gift, usually. To segment customers in this way, for what purpose is this

Calculate five year moving averagetle.., The figures below indicate the num...

The figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year period. Year Mergers Year Mergers 2000 46 2001 46 2002 62 2003 45 2

Explain what is the expected project length, Task time estimates for the mo...

Task time estimates for the modification of an assembly line at Jim Goodale's Carbondale, Illinois, factory are as follows- a) 6.0 - b) 7.2 - c) 5.0 a d) 6.0 b,c e)

Desicion making chapter 1, analyze the decision tree in figure A.8 what is ...

analyze the decision tree in figure A.8 what is the expected payoff for the best alternative? first be sure to infer the missing probabilities

Explain security professionals as technology advances, Identify potential e...

Identify potential ethical challenges that may be faced by security professionals as technology advances, applications become more mobile, and computer criminals become more innova

Explain a product at each stage of the plc, Using the product life cycle, d...

Using the product life cycle, describe a product at each stage of the PLC and support your choice.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd