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Sustainable Management of Infrastructure Projects: The Role of Workers Satisfaction through Financial Loss Reduction
This paper discusses how the role of financial loss reduction as related to site injuries through financial measures can promote sustainable management of infrastructure projects. The available research database include various studies concerned with monitoring, evaluating, expanding, repairing, replacing, financing, or otherwise sustaining the civil infrastructure. Only few studies though address the ongoing and evolving financial problems associated with the workers responsible for developing our civil infrastructure development. Civil infrastructure projects employ around 8% of the nation's workers, yet accounts for approximately 22% of the fatalities suffered in private industry. The dynamic combination of tools and equipment, heavy machinery, working at heights, and multiple workers at busy construction sites yields a potentially very dangerous workplace. Millions of construction workers in building, heavy, and special trade construction are at risk for fatal and nonfatal injuries. Workers are also at risk of injury or illness due to contact with objects, falls to a lower or same level, overexertion, and excessive noise. This study develops the basis of an evolving long term financial framework to quantify how loss reduction, as measured by the firm's efforts to improve employee satisfaction with the treatment of their claims, affects the perceived loss and cost of the claim. When completed, this research will increase the empirical knowledge about how human resource policy and practice affect workplace risks through loss reduction efforts.
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