Analysis highlights cost of workplace injury

The analysis by Deloitte Access Economics used innovative modelling techniques to estimate how much value could be created within the Australian economy by removing work-related injury and illness.    

The report found that in the absence of any new work-related injuries or illnesses over 2008 to 2018, Australia’s economy would have been $28.6 billion larger each year on average. 

The analysis also suggests that if all work-related injuries and illnesses were removed, the overall level of employment in Australia is estimated to increase by 185,500 full-time equivalent jobs each year on average over 2008 to 2018. 

“Industries which possess the greatest number of work-related injuries and illnesses, such as Construction and Heavy manufacturing, would have been the most positively affected relative to others (12.6% and 8.5% higher),” the analysis says.