Research Updates

Safer, healthier, wealthier — the economic value of reducing work-related injuries and illnesses

Lauren Finestone

What’s the economic impact of work-related illness or injury? Safe Work Australia engaged Deloitte Access Economics find out. A ground-breaking economic modelling approach shows that our economy could be a lot better off with better work health and safety.

Work-related injuries and illnesses happen in all industries and occupations. Over 120,000 workers are compensated for a serious work-related injury or illness every year.  This doesn’t just affect the worker and their employer. It imposes a financial burden the community through healthcare costs, reduced work participation and loss of productivity. But how much is that burden? Safe Work Australia engaged Deloitte Access Economics to...

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Published 09 December, 2022