In this blog, David Tattam summarised his insights of the fifth live session "Identifying, Tracking, Monitoring, and Reporting WHS Risk Metrics" in the webinar series "A Deep Dive into Workplace Health and Safety".
In this blog, David Tattam summarised his insights of the fifth live session "Identifying, Tracking, Monitoring, and Reporting WHS Risk Metrics" in the webinar series "A Deep Dive into Workplace Health and Safety".
In our 4th webinar, we looked at Risk & Hazard Assessment. We covered:
In the 5th Webinar of the series we are looking at how to identity, track, monitor, and report on WHS Risk Metrics.
A WHS Risk Metric is a quantifiable measure that is used to track and assess the status of WHS related risk.
Risk metrics should sit in the centre of our ERM Framework as part of our risk management processes and systems, They should be an integral part of our day-to-day processes.
in our first poll we asked 'How are you using WHS Metrics in your business?' Here are the results:
As you can see from the results nearly two-thirds are using aggregate reporting to the risk committee. This is really encouraging because it implies that those of you that are doing Business Unit reporting are also aggregating that up to risk committees and board levels.
Key Risk Indicator (KRI)
Key Control Indicator (KCI)
Key Performance Indicator (KPI)
Key Compliance Indicator
In the webinar, we discussed the types and characteristics of WHS Metrics and linked back to how they can be used as evidence on fulfilling ISO 45001 requirements.
I was interested to know how many WHS Metrics were being tracked in the webinar participants workplaces, I asked 'Approximately how many different WHS metrics are used in your organisation?' Here are the results:
We discussed how it is ideal to be able to fit all of your metrics on a one-page dashboard.
We discussed what makes a strong indicator. At Protecht we recommend using Peter Drucker's SMART Methodology. We covered methods to identify metrics, examples of WHS Risk Metrics and features of good metrics:
In our 2nd Poll I ask participants 'What % of your key risk indicators would you consider leading as opposed to lagging?' Here are the results:
These results are encouraging, in Risk Management we are increasingly seeing more proactive Risk Management.
We discussed what data sources our metrics are coming from, how frequently we are collecting this data (in WHS real-time data can be crucial). How quickly is our information is available, are we using any automation? We also discussed the importance of Central Risk Metric Libraries, Scaling, and how we can turn this data into intelligence and report on it.
In the final poll, I was interested to know how webinar participants are currently reporting on their WHS Metrics. Here are the results:
Protecht's view is the more that you can integrate metrics with other risks, the more powerful and dynamic your reporting.
We touched on Protecht.ERM Analytics and Reporting and looked at some examples of dynamic and integrated reports.
This will be covered in more detail in our next webinar, where I will be joined by my Protecht colleague Adel Fakhreddine, Head of Sales for APAC when we explore the Visualisation of WHS Concepts in Protecht.ERM and continue the deep dive into WHS.
To access the recording of the previous webinars and to save your spot for the upcoming webinars click the image below
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