Incidence Rate

What is Incidence Rate?

 

‘Incidence Rate’ refers to the rate of accidents, medical conditions, or injuries that happen in a company or an industry which is measured for a specific period of time. It uses a standardized time period so that it can be compared with other industries.

 

In larger companies, the spread of contagious diseases is a risk and hence, it is included while calculating the incidence rate. Hence, companies are putting additional efforts to prevent the same as repeated instances of diseases might prove catastrophic for the company.

 

As the incidence rate is a measure of medical conditions, it is usually described in percentages. This, along with the fact that it is measured for a standard period of time, helps in having a standardized value for every organization.

More HR Terms

Tangible Rewards

What are Tangible Rewards?   ‘Tangible Rewards’ refers to the rewards provided to the employees that can be quantified. It includes financial rewards as well

Strikebreaker

What is Strikebreaker?   ‘Strikebreaker’ might refer to two different things. It is used to refer to the employees who continue to work while the

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