Workplace Safety Standards Saw Lower Fatality Rate: Avetta Report

According to the National Safety Council (NSC), 5,283 workers died on the job in 2023, amounting to 14 families per day facing the loss of a loved one due to a preventable tragedy. Beyond the human toll, the economic impact of workplace deaths in 2023 reached $7.7 billion, according to an Avetta estimate based on NSC data, as outlined in Avetta Insights and Impact Report.

“Our commitment to safer, smarter supply chains is unwavering—we believe even a single workplace death is one too many,” says Arshad Matin, president, CEO and board member at Avetta. “This report demonstrates the tremendous value of using data, predictive technologies and innovation to prevent fatalities on the job.”

Key takeaways:

• Suppliers that were fully compliant with established safety standards saw a 62% lower fatality rate than non-compliant suppliers (1.19 vs. 3.12), emphasizing the crucial role of pre-qualification and compliance processes.
• Suppliers that underwent more than three years of regular safety manual audits experienced a 15% improvement in fatality rates (0.45 vs. 0.53), demonstrating the importance of ongoing evaluation.
• Organizations involved in Avetta’s safety programs for more than 10 years had a 45% lower fatality rate than those with only 2-3 years of involvement (2.04 vs. 3.7), proving that consistent, long-term investment in safety pays off.