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These formulas are used to calculate other safety indicators as well as LTIFR there are Medical
Treatment Injuries (MTI), another is significant injuries which are often categorized as LTIs plus
MTIs. A slight variation is the severity rate which is usually a measure of the amount of time lost
due to work related injury divided by the number of LTIs to produce and average amount of lost
time. This is often called the severity rate.
So there you have it. Not very hard and if you know even a bit about spreadsheets you can easily
insert the formulas into specific cells to calculate these indicators automatically.