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Adept Economics’ Guide to Cost-Benefit Analysis

Case Study

ROI of workplace health and safety initiatives

Adept Economics has worked with the Queensland Office of Industrial Relations to develop a Return on Investment Calculator (ROI) to allow businesses and other organisations to obtain indicative estimates of the ROI of various workplace health and safety interventions (e.g. a workplace wellness program, ergonomic office set up, automated shrink wrapping of palettes, etc). The online tool is hosted on the worksafe.qld.gov.au website and generates an ROI estimate (i.e. $ of benefits per $ of costs) based on user responses to questions aimed at obtaining the required data, including:

  • Costs (CAPEX, OPEX) of intervention incl. staff time.
  • Avoided costs from lower workplace incidents incl. avoided shutdown/lost production costs, avoided clean-up costs, avoided medical costs.
  • Other benefits such as higher productivity.

The ROI calculator can be found at this link:

Adept Economics take into account a range of social and environmental considerations in addition to economic factors to help you through your project, grant or policy approval process. We provide you with peace of mind of knowing your CBA won’t be torn apart by project opponents or government agencies and regulators.

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