I can speak to an overall reduction in workers compensation insurance premiums of 60% since the mid 90's. This is largely due to the expected loss ratio's coming down and an experience mod rate of .73. Directly related to reduction of accidents. There are also significant intangibles that we believe are directly related to VPP:
1. Customer surveys require information regarding safety. The fact that we are VPP STAR strengthens our customer relations
2. Although we can point to increased production and fewer remakes, we firmly believe that our best machine operators are on the job vs out with injuries.
3.WE evaluate employee involvement in VPP in the culture as "health of the safety program". In other words, as more employees are involved, the ownership of safety is evident and that translates into attitude on the job...that's success.
4. Flexcon is considered in the community as a good and safe place to work...community relations are better.