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. (Or in the US: An average working week with 40 working hours and average labor costs per hour of 35 Dollars would lead to 40,000 hours and 1,400,000 Dollars per case.)
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 (i.e. about 60%) were lost unproductively — and thus cost money. (In the US: Up to 24,000 workings hours would be lost per one case of infection.)
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:
Read the other articles of our“Impact Series” here:
- SOCIAL RESPONSIBILITY:
“Why Companies Now Have a Particularly High Social Responsibility”
- THREATS TO COMPETITIVENESS:
“Those Who Do Not Prioritize Employee Protection Put Their Competitiveness at Risk”
- STRESS AND ANXIETY:
“Coronavirus Anxiety: 5 Tips How Employees Feel Safer with KINEXON SafeZone”
- LEGAL ISSUES:
“Legal Implications of COVID-19: “One Should Think About the Worst Case Scenario”
Data Privacy: 3 Examples Why Contact Tracing Is More Secure Than Its Reputation
When it comes to strategic contact tracing, there is no way around a discussion on data protection. Three prejudices are particularly common. We clarify.
Quick Answers: Frequently Asked Questions About Contact Tracing
In the fight against COVID-19, digital solutions for contact tracing are becoming increasingly important. We have collected and answered the most frequently asked questions.
"Cluster" Strategy Against a Second Wave? Companies Could Easily Follow Expert Advice
From an economic point of view, a second wave of COVID-19 infections could be even worse than the first. Circumstances have changed as well. In a guest article in “Die Zeit,” German top virologist Christian Drosten advises a new “cluster strategy.” Complex for private individuals, but actually kind of easy for companies.
Legal Implications of COVID-19: "One Should Think About the Worst Case Scenario"
To conclude our impact series, we take a look at an area that is difficult to grasp and probably the most complex: the legal dangers for companies due to the COVID-19 pandemic. We asked lawyer Dr. Christian Herbert for guidance.
Coronavirus Anxiety: 5 Tips How Employees Feel Safer with KINEXON SafeZone
“There is no health without mental health,” wrote UN Secretary General Antonio Guterres in a guest article in TIME Magazine. His message is that the coronavirus crisis is not only a threat to our physical health; it is also an immense danger to our psyche. How can KINEXON SafeZone help?
Those Who Do Not Prioritize Employee Protection Put Their Competitiveness at Risk
During the COVID-19 pandemic, it’s a natural reflex for companies to focus on cost savings. However, not providing proper protective measures for employees could create an even more significant financial burden on businesses.
Second Wave? Why Companies Now Have a Particularly High Social Responsibility
Oxford University sees Germany and Switzerland heading for a second wave. Latest cases show how companies protect their employees could be decisive. Their social responsibility is larger than ever.
How SafeZone Can Help Sports in North America Adapt to the ‘New Normal’
As leagues in North America begin to formalize and execute return-to-play procedures, the health & safety of players and team personnel remains top priority. One way leagues and teams in Europe are staying protected is through the adoption of innovative digital technology.
How KINEXON Technology Contributes to the Restart in German Professional Sports
The German Football Bundesliga resumed its operations on May 16th, 2020 as the world’s first top league during the COVID-19 crisis. After that, the top German Basketball League followed suit. KINEXON technology is used by both leagues and gives a glimpse into what is possible.
UWB instead of Mobile Apps
Martin Lawitzky is the Head of Product Management at KINEXON. With his team, he was deeply involved in the development of KINEXON SafeZone. His comparison of different technologies shows that when it comes to tech-based protection against infections, companies have an option that the public sector does not.
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.