ABSTRACT:
The cost of accident has a major impact on the company’s financial performance. This article concerns on the cost of occupational accidents incurred planters during an accident in a plantation. It proposes a method to identify the accident cost based on harvest delays by using timeline penalty. The research objective is to develop a method for identifying the accident cost by using empirical data based on case studies. The results showed that the output loss was the highest contributor to the accident cost calculation. However, the cost may vary due to the situation and condition of the injured workers, such as temporary disability (TD), permanent disability (PD) and death (D). These cost components can be useful parameters for cost benefit analysis of accident prevention plan. This research aims to help companies improve their awareness of accident prevention, develop cost of accident analysis skills, implement a future plan in managing safety risk and actively participate in global safety and health issues. This study offers to bridge the significant gaps between research knowledge in current policy and practice, the collaboration of trade unions and employer’s representative, demand for public health services and other welfare agencies and increase the safety awareness of employers.
Keywords: accident cost, agriculture, palm oil plantation, timelines penalty
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