How Kinexon SafeZone Saves Money by Protecting Employees
An employee infected with COVID-19 can lead to a complete stop of the entire operation. The financial damage can run into the millions after 10 working days. This calculation example shows the importance of efficient protective measures — for the health of the employees and the company at the same time.
It is a scenario that no entrepreneur wants to imagine: operations gradually start up again and suddenly the message appears that a COVID-19 infection has been detected within the company. Immediate action to protect the employees is required, not a minute must be lost.
Latest news from mass infections in companies show us how quickly a complete operation can be brought to a shutdown all at once.
Everyone knows that protective measures of all kinds are important. In these times, the realization that an investment in sustainable and efficient technology like KINEXON SafeZone pays off economically becomes clear when you go through a few sample calculations.
We have calculated this using the example of a company with 500 employees — without claiming to be universally valid or representative, but as a suggestion on how to approximately determine your own financial risk:
Take, for example, as mentioned above, an arbitrary company X with a workforce of 500. If it becomes known, that one of the 500 has become infected with COVID-19, then theoretically anyone who was also present during the days that the person was at the company could also have become infected.
Of course, the number can be lowered, since some employees were on vacation, others were working in completely different premises and still others were perhaps only working out of office. The first step of identifying these employees must happen within a few hours. In a best case scenario, minutes.
If this does not happen, everyone would need to be sent into quarantine. After all, the protection of employees remains the top priority.
For this entrepreneurial horror scenario we have developed KINEXON SafeZone. When this is in use, the warning function efficiently supports employees in their daily routine in keeping a safe minimum distance and thus significantly reducing the general risk of infection.
In its extended version, KINEXON SafeZone also reduces the 500 theoretical colleagues to a just a few colleagues who actually had critical contact with the infected person.
Usually, employees rarely have contact with more than 30 people in two weeks. But let’s assume 50 people for our calculation. In this case, only these people need to be sent into quarantine.
This leads to the following question, which the management has to ask: What does this personnel shortage mean in euros? As the incubation period of the COVID-19 virus can last up to 14 days, employees are therefore absent for 10 working days.
If one assumes a working week with 37.5 working hours and average labor costs per hour of 43 euros (the German average across all industries is 35.90 euros), the large discrepancy between the orders of magnitude becomes immediately apparent.
Whereas in our calculation example we end up with a “lower six-digit sum”, in the worst case scenario we would quickly end up with a loss in the millions.
What should not be forgotten in this calculation: hours of work that are lost due to quarantine cannot always be compensated 1:1 by colleagues, assistants, temporary workers, colleagues from other locations or similar.
If about 10 % of the employees are absent – according to experts‘ estimates — up to 80 % of the working hours can be compensated. However, the more people that are absent, the more difficult this undertaking becomes. Experience from the first weeks of the coronavirus crisis showed that in most cases well over half of the lost working hours were lost unproductively — and thus cost money.
Of course, it would also be possible to add up what these lost hours of productive work result in lost sales, but it is already becoming apparent:
The economic damage to a company is in a completely different dimension at dizzying speed compared to a situation when targeted quarantine measures can be taken immediately.
No company can avoid this balancing act
No compromise must be made when it comes to protecting employees from infection. Yet, at the same time, revenues must continue to increase and the economic risk must be kept as low as possible. This entrepreneurial task is new — and an investment in health, jobs and the economic future.
Get to know the most efficient and first industrial-proven solution to protect your employees here.
3 Things Coaches Need to Know About Ball Tracking in Professional Football
Bayer 04 Leverkusen is the first Bundesliga club to use KINEXON ball tracking in training. Read here the three most important learnings from our webinar series on player and ball tracking — how tactical analysis will change football coaching.
Readiness, In-Season Assessment & Recovery: Three Takeaways
Our educational sports webinar sessions on Readiness, In-Season Assessment & Recovery have concluded. We have summarized the most important takeaways for you below.
In-Season Conditioning: Three Takeaways
Our educational sports webinar sessions on In-Season Conditioning have concluded. We have summarized the most important takeaways for you before entering the next stage of the series.
What to do with the Data: Three Takeaways
Our educational sports webinar sessions on What to do with the Data have concluded. We have summarized the most important takeaways for you before entering the next stage of the series.
Load Management: Three Takeaways
Our educational sports webinar sessions on Load Management have concluded. We have summarized the most important takeaways for you before entering the next stage of the series.
COVID-19: Joining Forces against Corona
In times of crisis such as these, one thing above all is important: the solidarity between people — and in this context also between companies. Because only together we will successfully master the challenges. The Venture Client company 27pilots also recognized this and launched an initiative. We at KINEXON are part of it and help to protect employees and maintain production processes!
Social Distancing Meets RTLS: How Our Customer ASM Protects Employees From Corona in a Creative Way
With the current situation, positive news is especially welcome. One positive note came from our customer ASM. And it gave us hope for the next few months.
Smart Factory strategy with fast payback? Only if you don’t forget these points!
Our Vice President Digital Transformation knows the challenges of the industry. In his blog article he shares three simple but far-reaching recommendations.
What we learned from EXCHAINGE 2019
The 7th International Supply Chain Summit EXCHAiNGE brought us not only exciting discussions with industry experts but also an award winner with whom we have a close partnership. Our co-founder Alexander Hüttenbrink congratulates our partner and shares his takeaways.
Why Ultra-Wide Band Technology Has Been Scoring Points in Basketball for Years
One of the world’s largest tech companies is relying on Ultra Wide Band and obviously has big plans with the technology. In the US, the NBA has been flying high for years with UWB and the college teams are following suit — for good reason.
The Message That Made Our Day: BMW Wins Logistics Prize 2019
When one of our customers is awarded a prestigious prize, the whole KINEXON family is cheering, too. Especially when our technology made a decisive contribution…
Transition in the US Sports Betting Market: What Role Data Tracking Can Play
Sports betting in Europe, especially in England, is a strongly flourishing business – in the US however, it is still in its early stages.
Can Performance Tech Safeguard your Payroll?
Over the last ten years, professional sport has become more and more physically demanding: The speed of the game has increased enormously, while at the same time the schedule for teams and players has become tighter and tighter.
KINEXON at SPOBIS 2019
KINEXON was part of the largest and most important event of the sports business sector in Europe. For two days, top decision-makers discussed the future of the sports business at the SPOBIS 2019 in Düsseldorf.