4. All you have to do is use this formula: DART rate = (Total number of recordable injuries and illnesses that caused a worker to be away, restricted, or transferred x 200,000) / Total number of. The index is calculated in Eq. It’s a ratio of. Some people confuse this formula with the formula for lost time injuries, but the. To calculate your overtime hourly rate, use the following formula: Regular hourly rate x 1. For instance, a higher-than-average TRIF could result in boosted insurance rates, or surprise safety inspections. To calculate your LTIFR, simply plug those numbers into your formula: (6 x 1,000,000) / 2,500,000. Multiply by 100 to get the final percentage: . 50 Weeks Per Year Incidence Rates are calculated. 3. Downer’s Lost Time Injury Frequency Rate (LTIFR) was also below target at 0. The iron ore major’s full year results for the 2020 financial year saw its total recordable injury frequency rate (TRIFR) drop to 2. 4% decrease on the 2019 result. The present value (PV) of the future cash flows generated by a company is estimated using an appropriate discount rate i. To do this, divide both sides by the past figure, take the exponent to 1/n, then subtract 1. 7 in 2021 compared with zero in 2020. First add up all the OSHA recordable incidents your company had during the year. 8% of the state's rateable remuneration. 9 Tropical cyclone activity 2005-06 95 5. 20 in 2019 to 2. Here is the TRIR formula: Number of recordable incidents x 200,000 / total number of hours worked in your business over one year. OSHA uses the DART rate to monitor high-risk industries, and they also allow EHS managers to. This need to be represented in mathematical terms, so to Total Recordable Injury Frequency Rate (TRIFR) be developed. 86, which is lower than the building construction industry rate of 5. This rate helps assess the company's retention and overall management effectiveness. 10. For example, if all your employees during last year worked for a total number of hours equal to 2,000,000, and your number of recordable. foggia. TRIFR: Total recordable injury frequency rate: The number of fatalities, lost time injuries, cases or substitute work and other injuries requiring medical treatment by a medical professional per million hours worked. TRIR = 2. The website delivers national work health and safety and workers’ compensation data in an intuitive, user-friendly way. Formula to Determine Interest Rate. LTIFR =. Use our interest rate calculator to work out the interest rate you're receiving on credit cards, loans, mortgages or savings. Now, you are probably wondering what makes a strong TRIR. 5%) were disabling injuries, 44 (0. The loan amount (P) or principal, which is the home-purchase price plus any other charges, minus the down payment; The annual interest rate (r) on the loan, but beware that this is not necessarily the APR, because the mortgage is paid monthly, not annually, and that creates a slight difference between the APR and the interest rate; The. It represents the total number of hours 100 employees would log in 50 weeks based on a 40-hour work week. My 10 Health & Safety Myths. Rates are per 1 million hours worked (calculated by dividing the total number of fatalities or TRIs by the hours worked at the companies, and then multiplied by 1 million). co. Multiply by 100 to get a percentage. LTIFR will typically be calculated for a specific workplace or project, but it can also be expanded to measure safety in specific regions or industries as well. 7. Get Catalog | Get Free Samples. TRIR: The definitive guide to understanding your TRIR and how it affects your business, your pre-qualification paperwork, and your ISNetworld account. rate = k[A][B]2 rate = k [ A] [ B] 2. When we understand human persons as embodied, we learn that mental health and psychological harm are evident for those that want to do more than count TRIFR rates and checklists. These data are collected and reported annually through the Survey of Occupational Injuries and Illnesses (SOII) and the Census of Fatal Occupational Injuries (CFOI). In calculate the TRIFR in Europe, we share the number out writable injuries in a 12-month period, from one number of hours worked by all staff in the just 12-month period, and grow this figure by one million: Yet the TRIFR isn’t the must statistic bodies use in computing injuries. Lost Time Injury Frequency Rate: the number of lost time injuries that occurred during the reporting period. au. Subsequent studies of national practices and attempts made to ensure international comparability in the field of occupational injury statistics revealed that the resolution adopted by the First ICLS needed revision, particularly in respect to the methods used to calculate injury rates. Back by popular demand, our OSHA Power Brief that discusses and explains TRIR and DART: The Skinny: In this edition of our OSHA Power Brief series, we'll define and discuss two critical safety performance metrics: • TRIR: Total Recordable Incident Rate • DART: Days Away from work, The incidents have individual dates but the hours don't because the source where I calculate them from only sends them once per month. This is because construction work is inherently dangerous but answering phone calls is not. Specified period = 278 days. ♣ Treatment of Revaluation Reserve: 1. Turnover rate % = [ (# of EE separations) / (average # of EE)] x 100. TRIFs are typically computed once a year, which not only enables businesses to see the broad picture for better danger assessment but also allows them to compare their score to other businesses using data from the same time period. 1mm ( small square) = 0. Please Note: These tables are being provided to you in PDF. TRIR serves as a retrospective gauge often utilized to quantify a company's safety record, and its computation can be achieved through the formula provided or by utilizing the. BHP has reported a 3. 71 x 1. LTIFR = 2. 27. Toronto ON M5J 1T1. Your total tax. an hour ago. R. 7) and Star Entertainment Group (22. Planned topics and dates. Explore how to calculate TRIR and what is a good TRIR rating. (1- (s/c)^ (1/n))*100 where S = Salvage Value, C= Carrying Amount as on 01-04-14, N= Difference of useful life as per new and old schedule. Incidence rates of nonfatal occupational injuries and illnesses by industry and case types, 2020; Industry NAICS code Total recordable cases Cases with days away from work, job restriction, or transfer Other recordable cases; Total Cases with days away from work Cases with days of job transfer or restriction2. OSHA established the 200,000 benchmark established by OSHA. Employee turnover rate is a measure of how many employees leave a company in a given period, usually a year. Exchange Rates. The following statistical reports analyse aspects of the Western Australian workers’ compensation and injury management scheme to offer insight into the health and viability of the scheme. 4. The law of small numbers does of course apply here, where the difference between 0, 1 and 2 incidents is tiny - but the derived calculation result difference is huge. # 1: Passion for Safety – Please no! 29 August 2019. It’s calculated by dividing total recordable injuries by the number of hours worked times the total wages paid out during that period. On the other end of the spectrum, some companies had a perfect 0 TRIFR, while WorleyParsons. TRIR = 6 x 200,000 / 500,000. Some clinicians will calculate a Glucose Utilization Rate (GUR or GIR) to determine how quickly a patient is storing/depleting the dextrose. Armed with an in-depth knowledge of how to ascertain and understand the metrics surrounding incidents properly can help your company better prepare. MTI is Medical Treatment Injury (a work-related injury that requires treatment by a medical practitioner beyond first aid). 54 injuries per million hours worked in 2019 to 3. 4%) were minor injuries. WorkCover WA offers the latest industry benchmark reports which covers the latest claim statistics from the WA workers’ compensation scheme. Well, here is how we calculate these 3 items. 0 or under as the average TRIR across the board was 3. 7) and Star Entertainment Group (22. Set YoursAn injury frequency rate is the number of injuries per 1,000,000 employee-hours worked. The total recordable injury frequency rate (TRIFR), or total recordable injury rate, is the number of fatalities, lost time injuries, alternate work, and other injuries requiring medical treatment per million hours. For instance, if you had two cases where an employee missed work from a workplace accident, your DART would also be 2. Serious injuries and fatalities frequency (SIF-F) To strengthen our efforts to protect people from harm, we now measure the number of serious injuries and fatalities per 100 million working hours. Divide your result by 12 to calculate the average monthly figure for the oldest 12-month period. This includes the following: We would like to show you a description here but the site won’t allow us. 2 the year before. Call 0800 000 267 for a welcoming chat, or email simon@safetypro. Let us know how you use the LTIFR calculator. ; To fully understand this formula, let's look at the following example:The crude birth rate refers to the number of crude births occurring during the year per 1000 population, estimated at midyear. Lost Time Injury Frequency Rate is another popular scope. TRIFR is the rate of recordable injuries that occur per 200,000-man hours worked. 4. 0), Emeco Holdings (2. For example, if you you were to calculate the frequency rate of lost time injuries (LTI's), you would first find the number. We would greatly value insights into who is using the LTIFR calculator and for what purpose they are. Specified period = 278 days. Floor Marking. For a company with 150 medical incidents over the course of 4,000,000 employee hours, you can determine the TRIFR to be 37. LTIFR = 2. LTIFR calculation formula. 8. For smaller companies (with a workforce of less than 100), the calculation differs slightly. 46. : ABC Manufacturing Company’s Frequency Rate is 40. It provides an idea about the organization’s efforts to protect the workers from work related hazards. For example, it can calculate interest rates in situations where car dealers only provide monthly payment information and total price without including the actual rate on the car loan. To calculate your company's TRIFR, use this formula: (Recorded incidents X 200,000) / Total number of. Just a different variation of KPI’s (lower area) The hours must be entered in on the hours row they will automatically update rolling average of hours. As you can see, there are just three parts of the LTIFR formula, two of which need to be reconciled on your end, and then the 1,000,000 figure which. F. 01-23-2022, 01:23 PM #3. a. 7) and Star Entertainment Group (22. To calculate your LTIFR, simply plug those numbers into your formula: (6 x 1,000,000) / 2,500,000 to get a LTIFR = 2. 99. The lower the TRIR, the better a company’s safety performance appears. This includes the following:We would like to show you a description here but the site won’t allow us. It’s important to remember that vacation hours and leave hours (like FMLA. On the other end of the spectrum, some companies had a perfect 0 TRIFR, while WorleyParsons. In our example, the DART and lost-time injury rates are the same. If you require information that is not in the NWISP reports, AWCBC can produce customized lost time injury, disease, and fatality data on request. He. Every occupation has health. There are three steps to calculating your TRIR. This definition explains the meaning by Total Registerable Injury Frequency Rate and why she matters. We would like to show you a description here but the site won’t allow us. If we applied the 1 million per year we would be suggesting that if our workforce worked 5x the manhours it would be expected to have 5x the injuries. Now, you are probably wondering what makes a strong TRIR. and the calculation of frequency and severity rates. Incident frequency rates data shows the quarterly frequency rates for serious accidents and high potential incidents for each major industry sector, for the period 1 July 2012 to 30 June 2023. 097 = $346,392. Register To Reply. 47. There seems only one-way to effectively correct the complications and inaccuracies associated with LTIFR construction safety monitoring: Make Total Recordable Injury Frequency Rate (TRIFR) your primary metric for capturing LTIs, medically treated injuries. Because of this, TCIR is also known as OSHA incident rate. As for the days away - you should begin counting them on the day after the injury occurred. The output of this all injury frequency rate calculation is your AIFR 'score' and indicates how many injuries are suffered when standardised across 100 employee working 40 hours per week for one year. AIFR = (Reported injuries x 200,000) / Employee total hours worked. 7 over the past 30 years, in part because of a demonstrated commitment to safety improvement by our members. The formula can also be multiplied by 1,000,000 to get the injury frequency. Calculating Lost Time Injury Frequency Rate. 7. 0%) / 2 = 3. Cons: An LTI refers to any injury sustained by an employee that results in them missing at least one full day of work after the day the injury occurred. The formula can also be multiplied by 1,000,000 to get the injury frequency. Graph 6 shows the injury rate for companies between 2012 and 2020. The law of small numbers does of course apply here, where the difference between 0, 1 and 2 incidents is tiny - but the derived calculation result difference is huge. While disabling injuries increased compared to 2020. Using this TRIFR calculation formula, the result is the total recordable injury frequency rate. To calculate the company’s LTIFR: there are 2 people who have lost time from work for one shift or more; total hours worked (for all business employees) of 700,500 hours over the period; use the formula: (2 / 700,500) x 1,000,000; this equals a rate of 2. I have attached a simple template. 0%) + Post 2 (3. 9 TRCF. Dakota’s Incident Management application has long included a dashboard which plots key OSHA statistics month-by-month for the calendar year. Make sure to track TRIFR in addition to LTIFR. Reports and statistics. 86, which is lower than the building construction industry rate of 5. What Does Injury Severity Rate Mean? The injury severity rate represents the number of lost work days experienced per 100 workers. #2 Lost. How to Calculate: OSHA Recordable Incident Rate. TRIR: The total recordable incident rate is defined as the incident’s rate in 200,000 work hours. Total Hours Worked in the past year: 500,000. ([Number of lost time injuries in the reporting period] x 1,000,000) / (Total hours worked in the reporting period) RIFR: Reportable Injury Frequency Rate TRIFR or the total recordable injury frequency rate is the number of fatalities, lost time injuries, substitute work and other injuries requiring treatment by a medical professional per million hours worked. Data is provided per calendar year. 3), Qantas (24. 8% of the state's rateable remuneration. 8 Lost time injury frequency rate 93 5. In 2022, there were 355 workplace injuries per 100,000 employed persons in Singapore. Select YoursWorkplace injury rate Singapore 2012-2022. For calculating attrition, you divide the average number of departures in a given period over the average number of employees in that period and then multiply by 100 to get the percentage. Where is the disruption from. 2 per 100,000 employed persons. 1. The 200,000 is the benchmark established by OSHA because it represents the total number of hours 100 employees would log in 50 weeks based on a 40-hour work week. Here are some benchmarks: A perfect TRIR is 0, the product of zero employee accidents/incidents. It is the goal of every organization in all industries to have a low incident rate. Español. The formula for calculating lost time injury frequency rate is the number of lost time injuries multiplied by 1,000,000, divided by the employee total hours worked. Worker numbers. For example, if the allocation base is labor hours, then the total number of labor. It is an indicator of the state of health and safety at a workplace. TRIR stands for Total Recordable Incident Rate and is a handy tool for comparing occupational safety and health performance for businesses and industries across. 25. 04 per million hours worked from 2. 4 This report is intended primarily for business leaders and work health and safety (WHS)1 managers of medium to large organisations. The formula for calculating it is: ext {TRIR} = frac { ext {Number of recordable injuries} imes 200000} { ext {Hours worked}}TRIR stands for Total Recordable Incident Rate. īackground Traffic accidents are one of the main causes of death in Brazil and the increase in the mortality rate is concerning. 57. is defined by injury rates, LTIs, MTIs, TRIFR rates, economic value and ‘reputation’. You can calculate this KPI with the following formula: TRIFR = total number of incidents x 1,000,000 labor hours / total employee hours worked. This calculator helps new employers estimate their insurance premiums before signing up for coverage. up from 2017. Safe Work Australia is proud to announce the full release of our data website, data. e. High TRIR shows poor safety performance; it is important to keep your organization’s TRIR as low as possible. TRIR serves as a retrospective gauge often utilized to quantify a company's safety record, and its computation can be achieved through the formula provided or by utilizing the TRIR calculator furnished below. It examines the performance information which officers may find useful to assist them in exercising due diligence in discharging their duties under the model Work Health and Safety Act (model WHS Act). 1%) were fatal injuries and 21,176 (57. performance evaluation. The Interest Rate Calculator determines real interest rates on loans with fixed terms and monthly payments. To calculate the interest on investments instead, use. Luckily, that's an easy task. A is the cross-sectional area of the pipe and can be calculated using the formula π×(d/2)² (for circular pipes), where d is the diameter of the pipe. This means for every dollar you spend on wages, you incur $0. is the number of Lost Time Injuries multiplied by 1 million divided…. Basis of Reporting - Centrica plcLuckily, that's an easy task. Total recordable injury frequency rate, or TRIFR, as a KPI is the metric of the total number of workplace incidents, accidents that require medical attention per 1million labor hours. TRIR Calculation: How to Calculate Total Recordable Incident Rate. The average premium rate for 2023–24 is 1. A key metric is Total Recordable Incident Rate (TRIR). Note that Incidents and Hours are linked with a location. 4 per 100,000 employed persons. 22, unchanged compared with 2020. Total Recordable Injury Frequency Rate; Date: 21 Dec 2020; Document Type: Official Information Act Response; Author: Canterbury DHB; ID: CDHB 10490; Topic(s): Financial, Funding; Summary of official information request. The formula for calculating your total case incident rate is a quite simple. Let’s dig in. Now that you’ve successfully calculated your LTIFR, you can use that data to benchmark performance and. To calculate the average, add up all the ER posts you want to average, and divide by number of posts: Average ER by post = Total ER by post / Total posts. We know that. Count the hours worked. The total recordable injury frequency rate (TRIFR) is the number of fatalities, lost time injuries, cases or substitute work and other injuries requiring medical treatment by a medical professional per million hours worked. Total Recordable Case Frequency (TRCF) Calculator » Find more HSE jobs, documents. The lost time injury frequency rate (LTIFR)—the number of lost time injuries (fatalities + lost work-day cases) per million hours worked was : 0. 3. Cost to manage safety on paper. To find the Annual Interest Rate, rearrange the formula: Annual Interest Rate = (Interest Amount × 100) / (Principal Amount × Loan Tenure)LITFR, MTIFR, or whatever you might like to call it, has very little predictive value when it comes to the health of your organization, or your understanding of its safety culture. The 'result' of the measurement, the total recordable incident rate, is derived from combining the number of safety incidents and total work hours of all employees with a standard employee group; typically 100 employee working 40 hours a week for 50 weeks of the year. TRIFR Calculation: How to calculate TRIFR easily and accurately. TRIR Formula. 6. The DART rate must be filed in your OSHA 300 and 300A logs. The Injuries, Illnesses, and Fatalities (IIF) program produces a wide range of information about workplace injuries and illnesses. S. It's calculated by dividing the number of employees who left by the average number of employees, then multiplying by 100. that is based on injury rates. 7) and Star Entertainment Group (22. WorkCover insurance industry rates and industry claims cost rates for 2023-24. Use our free OSHA TRIR Calculator to calculate your Total Recordable Incident Rate (TRIR). Here's more about how to calculate TRIFR. The TRIR and the Experience Modification Rate are both used to measure safety performance, but they are very different metrics in terms of how they are calculated and the data used to determine their measurements. Each incident has a date of occurance. Rate of Return: A rate of return is the gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s cost. It can be applied to GDP, corporate revenue, or an investment portfolio. Where TRIR is the total recorded incident rate. The 2020 DIFR for the federal jurisdiction is 7. This definition explains the meaning of Total Recordable Injury Frequency Rate and mystery it matters. The formula for calculating Lost Time Injury Frequency Rates is very simple. The meaning of TRIR is the Total Recordable Injury Rate. Now, you are probably wondering what makes a strong TRIR. For example, for a company with just 10 employees who experience 1 incident over the course of two years, the TRIR calculation will be: [ (1 x 200,000) / 20,800] / 2 = 9. For example, if the Capital Improved Value of a property is $250,000 and the council rate in the dollar is set at 0. A unit rate is a rate with 1 in the denominator. If your algebra works out, you should get: growth rate = (present / past)1/n - 1 . When benchmarking lagging indicators we use the 200,000 rate as it is the closest measure to manhours for our organisation per year. 25. Visit Discussion Forum for Online TRCF Calculator tool. The lost time injury frequency rate (LTIFR) measures how many workdays are lost due to injuries per million hours worked, while the total recordable injury frequency rate (TRIFR) measures how many. How to Calculate TRIFR, LTIFR and Other Health and Safety Indicators; Download Safety Moments from Human Resources Secretariat; Social Psychology Of Risk. of hours worked (since the last recordable injury) *Recordable Injuries = Any work related injury or illness that requires more than first aidThe TRIR (Total Recordable Incident Rate) is calculated based on how many OSHA incident a company had per number of hours worked. is the number of Lost Time Injuries multiplied by 1 million divided by the number of manhours worked in the reporting period. 4, following a number of safety initiatives on top. A perfect TRIR score is zero, which means that there is no OSHA recordable incidents and a good TRIR is 3. . Organizations can track the. Please visit the website and fill out the short online. Re: Total Recordable Injury Frequency Rate (TRIFR) Sorry forgot the formula. Heidegger argued that if we are to be really ‘present’ in the world then we ought to be ‘present’ with others in an ethic of care. Buying Rate Selling Rate Buying Rate Selling Rate Buying Rate Selling Rate; US DOLLARS: 321. # 1: Passion for Safety – Please no! 29 August 2019. This is how the TRIF is calculated: The total recordable incident rate or TRIR is a measure of occupational safety. These acceleration factors are referred to as ^10. Here’s an example of what that might look like. These indicators include all injuries where the affected party did not return to their normal duties for the next shift, thereby reducing the ability of users to infl uence statistics through injury management. This is the standard rate across all industries so OSHA can:. TRIR = 2. The figure of 200,000 is used as this represents the number of hours 100 full-time employees would log during 50 40-hour weeks during a calendar year. 02: 1. Reduce the frequency, duration, and impact of lost time incidents by protecting employees with procedural guidance and compliance checkpoints. Use our free OSHA TRIR Calculator to calculate your Total Recordable Incident Rate (TRIR). For a bond, the discount rate would be equal to the interest rate on the security. 6% monthly interest rate. The TRIR formula is as follows: Number of Incidents x 200,000 / total number of hours worked in a year. Total Recordable Case Frequency (TRCF) Calculator » Find more HSE jobs, documents and. g. This measurement allows for organizations to determine the amount of incidents that have needed medical attention, the cost of labor hours these incidents and the. ABB has built up an extremely robust safety program over. Two things to remember when totaling your annual. This means that for every one million hours worked in the facility,. 25 322. is the mid-point. At the heart of this aphorism is the idea that what is normalized in a culture comprises what the culture is. Make sure to track TRIFR in addition to LTIFR. Nothing like whatever this formula board above shows. 31, down from 0. Let’s say that you had 3 OSHA recordables during 2021. View Full Term. 6 to 0. The concept of TRIFR emerged as a way for companies to quantify their safety performance. WARNING Learn More | NASP Certification Program: The Path to Success Has Many Routes. Using this TRIFR calculation formula, the result is the total recordable injury frequency rate. There was a 5 per cent increase in the number of total recordable injuries from 6,997 in 2020 to 7,355 in 2021. Maybe it made sense to you, but to me it’s total mathinese. LTIFR calculation formula. If WDV method is used then find out rate of depreciation as per following formula. The formula is given as: (Number of lost-time injuries in the accounting period x 1,000,000) / (Total hours worked in the accounting period) To make it. #2 Lost. Several methods are available to help you compute the number of nonfatal rates of injuries and illnesses. How do you calculate TRIR?The Lost time injury frequency rate states the number of lost time injury per 1000000 man-hour, while Lost time injury severity rate explains the severity rate of every lost time injury per 1000000 man. AIFR = (Reported injuries x 200,000) / Employee total hours worked. 9). The first step in benchmarking is to calculate the incidence rates for your organization. Non-fatal injury and illness rates have declined significantly since 2002, according to the Bureau of Labor Statistics, with the 2010 average for all industries at 3. This result is the value of your property. The basic formula is (N x 200,000)/EH, or the number of cases (N) multiplied by 200,000 then divided by the number of hours worked (EH) by all employees during the time period, where 200,000 is the base for 100 full. TRIR is based simply on a count of recordable injuries over time. The TRIFR is the number a injuries (excluding fatalities) requiring medicinal treatment per million hours worked within an organisation. Incident rates are collected on a per-company basis and are then aggregated by industry, demographics, and other. R. Number of employees at the beginning of the year;; Number of employees at. First, you need to know the timeframe you want to calculate, and then adjust your employment numbers accordingly. AIFR = (Reported injuries x 200,000) / Employee total hours worked. The DART Rate is similar to another important calculation, the Total Recordable Incident Rate (TRIR), but know that these two calculations are not the same. The 'result' of the measurement, the total recordable incident rate, is derived from combining the number of safety incidents and total work hours of all employees with a standard employee group; typically 100 employee working 40 hours a week for 50 weeks of the year. TRIR = (Number of recordable injuries × 200000) / Hours worked. The ethic of Dasein (being-in-the-world) is about Care and Presence. Click here to find. Gains on investments are defined as income. Step Three: Find the Average. The formula is given as: (Number of lost-time injuries in the accounting period x 1,000,000) / (Total hours worked in the accounting period) To make it. Find the unit rate or unit price with this calculator. From payroll or other time records. Safety observations frequency rate (SOFR) The number of safety observations per 200,000 hours worked. Of the total number of injuries in 2020, 15,799 (42. To calculate the TRIFR in Australia, we divide the number of recordable injuries in a 12-month period, by the number of hours worked by all staff in the same 12-month period, then multiply this illustrations. 94 in 2020 to 2. This represents the first rolling average. gov. BOOK A FREE DEMO → TRIF, LTIFR, and DART Made Simple TRIF: Total Recordable Injury Frequency Why 200,000? Because 100. This definition explains that significance of Total Recordable Injury Clock Rate and why it matters. A good TRIR is less than 3. The total recordable. Telegraphic Transfers. 9). ([Number of lost time injuries in the reporting period] x 1,000,000) / (Total hours worked in the reporting period) RIFR: Reportable Injury Frequency Rate Using this TRIFR calculation formula, the result is the total recordable injury frequency rate. This statement is only provided once a year and is used to calculate premium for the 2023-24 year.