Manual bag emptying costs

When using past events, associated with unpredictable cost-tag, to map future risks, it is critical to remember that ancillary costs are always higher than the actual expenses relating to the event.

The indirect costs of employee injury, for example, which may include recruiting, training and compensating replacement staff, injury investigation and plant slowdown, can easily reach 4.5X of the direct costs, according to a study by OSHA. And when considering the opportunity cost of not selling new products and potential fines from regulatory agencies, the indirect costs can easily swell way beyond 4.5X of the direct costs.