OSHA Estimates Recordkeeping Rule's Cost at $136 Million
The estimate is included in its request for comments as it seeks to continue the information collection underlying this fundamental safety regulation, 29 CFR Part 1904.
How much time and money do employers spend completing the OSHA injury and illness log and providing data to OSHA and BLS? Quite a lot: 2,967,237 hours and $136,753,120 are the costs estimated by OSHA in its request for comments as it seeks to continue the information collection underlying this fundamental safety regulation. OSHA published the request Jan. 13 and seeks comments by March 14; this is a required step in maintaining 29 CFR part 1904, the Recording and Reporting Occupational Injuries and Illnesses standard, because the OMB approval otherwise will expire Feb. 29.
The estimate of hours taken to complete the forms is a reduction from 3,072,978 hours, according to OSHA, which said 1,585,374 entities take two hours each to complete them.
To comment, visit www.regulations.gov and search for docket number OSHA-2010-0055.