Million hours lost rate
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As title: Million Hours Loss Rate. (The lost working hours/total working hours) X 1,000,000 – is that the formula? For example: in a company of 20 people, one person gets injured in a certain month and is unable to work for one day. Let’s do the calculation. (8/20X250X8)X1000000=5000. Here, 8 refers to the 8 hours of work per day, and 250 refers to the number of working days in a year. So, is the company’s loss rate in million man-hours for this month 5000? Am I right to say this? I hope the experts can provide me with more explanations (using examples), as our company is about to start tracking the rate of lost work hours equivalent to one million hours. Thank you! !
It’s basically this calculation formula. However, the total number of working hours should be the actual number of hours worked; for example, if someone has 300 days of attendance, it should be calculated based on those 300 days
I understand now. Using this formula, the result is: the rate of severe loss of million man-hours