What is one of the organisational costs associated with a workplace accident?

One of the organizational costs associated with a workplace accident is loss of productivity. When an accident occurs, it can lead to various disruptions, including injuries to employees that may require time off work, which directly affects the workforce available to complete tasks. Additionally, the organization may need to divert resources to investigate the incident, address safety concerns, or hire temporary staff to fill gaps left by injured employees. This not only slows down the workflow but can also impact team morale and efficiency, leading to a significant decrease in overall productivity.

In contrast, implementing new technology might occur as a response to improve safety or efficiency but is not a direct cost arising from an accident. Increased employee satisfaction is more likely to be a positive outcome of a safe and supportive workplace environment rather than a cost, while external market competition does not directly relate to the implications of workplace safety or accidents.