DR. D.Y. PATIL UNIVERSITY DEPARTMENT OF
BUSINESS MANAGEMENT

Subject: Personnel Finance
Prof. Mrs. Sharmila Kulkarni
Cost of Health and Safety
Environment of a Company
PRESENTED BY
KEVIN MASCARENHAS
SAMPADA MEHER
ARTI PIMPALE
MADHURI DANGAT
SNEHA GENTYAL
PRIYANKA GADHAVE
Introduction
 For smooth functioning of an organization, the employer has to ensure
health and safety of his employees.
...
Responsibility of Health and Safety Policy
In organizations the responsibility of employee health and safety falls on the
...
BENEFITS OF HEALTH AND SAFETY
ENVIRONMENT
To the Employees:  Improved health awareness and knowledge

 Improved physical...
To the Employers: Improved productivity
 Increased creativity and innovation
 Improved employee engagement
 Improved s...
Health and Safety Acts in India
 Factories Act, 1948
 Mines Act, 1952
 Workmen's Compensation Act, 1923
Dock Workers (...
Costs of Health and Safety Environment
to the Company
DIRECT COSTS
 Workers compensation payments
 Medical expenses
INDI...
EXAMPLE OF A COMPANY

MAXVAL TECHNOLOGIES PRIVATE
LIMITED
INTRODUCTION
Maxval is an end-to-end commercial real estate solutions and
services provider catering to hundreds of compan...
COSTS

HEALTH AND SAFETY COST
YEAR 2011 – 2012
(Maxval Technologies Pvt. Ltd)
Per Person Per Month

Per Year

Health
Easy ...
HEALTH AND SAFETY COST
YEAR 2012 – 2013
(Maxval Technologies Pvt. Ltd)
COSTS

Per Person

Per Month

Per Year

Health
Easy...
COMPARISON
(2011 – 2012) - (2012 – 2013)
Reasons for increase in the costs of
Health and Safety Environment
 Increase in no. of employees
 High Rate of Inflation...
SUGGESTIONS
 Should Maintain Records of Accidents, injuries & illness
 Should Conduct programme on Health Related Issues...
CONCLUSION
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Final pf ppt

  1. 1. DR. D.Y. PATIL UNIVERSITY DEPARTMENT OF BUSINESS MANAGEMENT Subject: Personnel Finance Prof. Mrs. Sharmila Kulkarni
  2. 2. Cost of Health and Safety Environment of a Company
  3. 3. PRESENTED BY KEVIN MASCARENHAS SAMPADA MEHER ARTI PIMPALE MADHURI DANGAT SNEHA GENTYAL PRIYANKA GADHAVE
  4. 4. Introduction  For smooth functioning of an organization, the employer has to ensure health and safety of his employees.  Health and safety form an integral part of work environment. A work environment should enhance the well being of employees and thus should be accident free.  The terms health and safety are closely related to each other. Health is the general state of well being. It not only includes physical well being, but also emotional and mental well being.  Safety refers to the act of protecting the physical well being of an employee. It will include the risk of accidents caused due to machinery, fire or diseases.
  5. 5. Responsibility of Health and Safety Policy In organizations the responsibility of employee health and safety falls on the supervisors or HR manager. Responsibilities of Managers:  Monitor health and safety of employees  Coach employees to be safety conscious  Investigate accidents  Communicate about safety policy to employees Responsibilities of Supervisors/departmental heads:  Provide technical training regarding prevention of accidents  Coordinate health and safety programs  Developing safety reporting system  Maintaining safe working conditions
  6. 6. BENEFITS OF HEALTH AND SAFETY ENVIRONMENT To the Employees:  Improved health awareness and knowledge  Improved physical and mental wellbeing  Increased energy and vitality  Increased work enjoyment and fulfillment  Improved concentration and productivity  Improved team relationships.
  7. 7. To the Employers: Improved productivity  Increased creativity and innovation  Improved employee engagement  Improved staff morale  Reduced sickness-related absenteeism  Increased attraction and retention of staff  Reduced workplace injury and workers compensation costs  Improved employee relations  Improved corporate image
  8. 8. Health and Safety Acts in India  Factories Act, 1948  Mines Act, 1952  Workmen's Compensation Act, 1923 Dock Workers (Safety, Health & Welfare)Act, 1986
  9. 9. Costs of Health and Safety Environment to the Company DIRECT COSTS  Workers compensation payments  Medical expenses INDIRECT COSTS  Training replacement employees  Accident investigation and implementation of corrective measures  Lost productivity  Costs associated with lower employee morale and absenteeism
  10. 10. EXAMPLE OF A COMPANY MAXVAL TECHNOLOGIES PRIVATE LIMITED
  11. 11. INTRODUCTION Maxval is an end-to-end commercial real estate solutions and services provider catering to hundreds of companies and governmental organizations in the real estate and construction spheres, across the world. Location: CBD - Belapur, Station Complex, T-251 – 6th Floor No. of Employees: 2011 – 2012 - 200 2012 – 2013 - 265 No. of Departments: 7
  12. 12. COSTS HEALTH AND SAFETY COST YEAR 2011 – 2012 (Maxval Technologies Pvt. Ltd) Per Person Per Month Per Year Health Easy Health Insurance (200 employees) Rs. 1,208 Rs.2,41,600 Rs. 28,99,200 First Aid (Medicines) - Rs. 1,500 Rs. 18,000 Yoga and Meditation Sessions - Rs. 1,125 Rs. 13,500 - Rs.1,00,000 Rs. 12,00,000 Rs.2,10,000 Rs. 25,20,000 Safety Fire Safety (Insurance) Provision for Accidents (200 employees) Rs. 1,050 First Aid (Injury) - Rs. 1,325 Rs. 15,900 Lift Maintenance ( 2 lifts x Rs. 2,350/lift) - Rs. 4,700 Rs. 56,400 TOTAL COST *Source: HR – Maxval Technologies Private Limited Rs. 67,23,000
  13. 13. HEALTH AND SAFETY COST YEAR 2012 – 2013 (Maxval Technologies Pvt. Ltd) COSTS Per Person Per Month Per Year Health Easy Health Insurance (265 employees) Rs. 1,208 Rs. 3,20,120 Rs. 38,41,440 First Aid (Medicines) - Rs. 1,750 Rs. 21,000 Yoga and Meditation Sessions - Rs. 1,350 Rs. 16,200 - Rs. 1,00,000 Rs. 12,00,000 Rs. 3,04,750 Rs. 36,57,000 Safety Fire Safety (Insurance) Provision For Accidents (265 employees) Rs. 1,150 First Aid (Injury) - Rs. 1,525 Rs. 18,300 Lift Maintenance ( 2 lifts x Rs. 2,650/lift) - Rs. 5,300 Rs. 63,600 TOTAL COST *Source: HR – Maxval Technologies Private Limited Rs. 88,17,540
  14. 14. COMPARISON (2011 – 2012) - (2012 – 2013)
  15. 15. Reasons for increase in the costs of Health and Safety Environment  Increase in no. of employees  High Rate of Inflation  Yearly increase in Maintenance Cost
  16. 16. SUGGESTIONS  Should Maintain Records of Accidents, injuries & illness  Should Conduct programme on Health Related Issues on time to time  Should conduct Self Inspection Programme in areas like: Lighting Building and Grounds Conditions  Should provide Safety to Women for travelling purpose, especially for night shifts
  17. 17. CONCLUSION

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