For some ten years Corporate Benchmarking Services has been operating a custom-built benchmarking tool for the UK's Water utility sector.
Eleven participating companies enter accident data quarterly according to a mix of employee types and activities. The system uses standard KPIs of Lost Time Incidence Rates from >1day to RIDDOR >3 day, Major and Days Lost rates.
Companies can mine the results in a number of ways. They can look at their own performance through time. They can choose other companies to compare with, both through time and for a specific accident cause. They can look at all accident types across a range of dates then explode the results to scrutinise the data at causal level presented as a pie chart.
The overall result is that an entire industry sector has, at any moment, an up-to-date and accurate picture of how any participating company's safety performance compares with others. It means that management can readily identify where the company is underperforming and either bring ideas and resource to bear, or be in direct contact with better performers from whom they can seek new routes to improvement.