Process Safety Incident Rate (PSIR) serves as a critical KPI for organizations aiming to enhance operational efficiency and ensure employee safety.
A low PSIR indicates effective risk management and adherence to safety protocols, which can lead to reduced costs associated with accidents and liabilities.
Conversely, a high PSIR may signal systemic issues that could jeopardize both financial health and employee morale.
By tracking this leading indicator, companies can align their safety initiatives with broader business outcomes, fostering a culture of safety and accountability.
Improved PSIR not only protects employees but also enhances brand reputation and operational reliability.
Process Safety Incident Rate belongs to two of KPI Depot's KPI groups, and it sits low in both. In ISO 45001 it ranks at priority forty-six, well behind the KPI group's lead metrics Lost Time Injury Frequency Rate (LTIFR) and Total Recordable Incident Rate (TRIR). In ISO 39001, the road traffic safety KPI group, it ranks at priority one hundred twelve, behind Road Traffic Fatality Rate and Road Traffic Accident Rate, where it reads as a peripheral member because that KPI group is built around vehicle and driver safety rather than the failure of process systems. It is a supporting metric in both, not a headline.
Its balanced scorecard perspective is internal process, and it is a lagging outcome: it counts failures of critical process safety systems after they occur. The leading counterpart named in the ISO 45001 KPI group is Near Miss Frequency Rate, which is meant to surface latent risk before it becomes an incident.
The tension worth naming is with Lost Time Injury Frequency Rate (LTIFR), the KPI group's top metric. The two measure different kinds of harm and can move in opposite directions. A site can post a low LTIFR, meaning few slips, strains, and everyday injuries, while still carrying real exposure to a process safety event, the rare, high-consequence failure this metric tracks. Reading Process Safety Incident Rate against LTIFR is how a team avoids mistaking a quiet personal-injury record for a safe process. A second tension sits with Near Miss Frequency Rate: driving incidents down while near-miss reporting also falls can signal suppressed reporting rather than a safer plant, so the two should be read together.
The formula is process safety incidents over total hours worked, carried to a per-million-hours rate, and both the numerator and the denominator hide decisions.
Fix the numerator first. What counts as a process safety incident depends on a severity threshold, and different frameworks draw that line in different places, separating a major loss of containment from a minor one. Decide which severity tiers you are counting before you count any, because folding a lesser tier into the rate changes it with no change on the ground. Then fix the denominator. Total hours worked should reflect who was actually exposed, and the choice to include or exclude contractor hours is the one that most often distorts the rate, since contractors frequently perform the highest-exposure work.
Where the data lives is two systems that rarely reconcile cleanly: incidents sit in an EHS or incident-management system, and hours worked sit in timekeeping or payroll. Align the population and the period on both sides so the events and the hours describe the same people over the same window. Segment by facility and by process unit rather than reading a corporate blended rate, because process safety risk concentrates in specific units and a company-wide number averages the dangerous ones into the safe ones. The instrumentation pitfall to watch is classification drift: whether an event is logged as process safety or as an ordinary occupational injury is a judgment call, and inconsistent classification quietly moves the rate more than the underlying risk does.
Many organizations underestimate the importance of a comprehensive safety culture, which can lead to significant oversights in incident reporting and training.
Enhancing the Process Safety Incident Rate requires a multifaceted approach focused on prevention, training, and accountability.
We have 2 relevant benchmarks in our benchmarks database.
Source: Subscribers only
Source Excerpt: Subscribers only
Formula: Subscribers only
Additional Comments: Subscribers only
| Value | Unit | Type | Company Size | Time Period | Population | Industry | Geography | Sample Size |
| Subscribers only | per 200,000 work hours | average | mixed | 2022 | process safety events | oil and gas | United States | 90 companies |
Source: Subscribers only
Source Excerpt: Subscribers only
Formula: Subscribers only
Additional Comments: Subscribers only
| Value | Unit | Type | Company Size | Time Period | Population | Industry | Geography | Sample Size |
| Subscribers only | per 200,000 work hours | average | mixed | 2022 | process safety events | oil and gas | United States | 90 companies |
Browse the Top Benchmarked KPIs in ISO 45001
The benchmark on this page comes from a single source, the American Petroleum Institute, which reports it for process safety events in United States oil and gas operations and splits it into two severity tiers rather than a single figure. That tiering is the first thing to understand: the source separates more-consequential events from less-consequential ones and rates each on its own, so a number lifted from it means little without knowing which tier it describes.
The definitions also diverge from this page in ways a reader must check. This page normalizes incidents per million hours worked, while the API construction uses a smaller work-hours base, so the two are scaled differently even when they count similar events. Before trusting any external process safety figure, verify three things: which severity tier or tiers it includes, what normalization base it is built on, and what the source counts as a process safety event, since the threshold for a reportable loss of containment is what separates this metric from general injury rates.
Process Safety Incident Rate fits the ISO 45001 KPI group's objective of driving operational excellence through diligent safety compliance and equipment upkeep. The group's own best practice ties equipment maintenance to incident prevention, so the metric works as a lagging key result beneath directional results for Safety Equipment Maintenance Compliance and Safety Audit Score, where the equipment-readiness results are the levers and the incident rate is the outcome they are meant to move.
It also supports the group's objective of establishing a proactive safety culture that minimizes workplace hazards. Because this is a low-frequency lagging metric, the sounder framing pairs a directional reduction in Process Safety Incident Rate with rising Near Miss Frequency Rate reporting, following the group's guidance that near misses act as an early warning system. Any reduction a team writes down is an internal goal for its own operations, not a benchmark figure.
This KPI is associated with the following categories and industries in our KPI database:
KPI Depot takes you from KPI intelligence to finished deliverable. Consultants, strategy teams, FP&A leaders, and analytics teams use it to answer the two hardest questions in performance management, what to measure and what the target should be, and then to produce the scorecard itself.
The difference is intelligence, not just data. Anyone can list metrics. Every KPI in KPI Depot carries 13 practical attributes, from formula and measurement approach to diagnostic questions, risk warnings, and Balanced Scorecard perspective, across 15 corporate functions and 153 industries. And every target you set is grounded in our database of 34,304 source-attributed benchmarks, each detailing metric value, company size, time period, industry, geography, sample size, and source. Benchmark data at this scale is otherwise the domain of research services costing thousands to hundreds of thousands of dollars per year.
When your metrics are selected, KPI Depot finishes the job: export an interactive Strategy Map, a Balanced Scorecard with formulas and tracking columns, or a CSV KPI pack, and go from research to working deliverable in hours instead of weeks.
Formerly the Flevy KPI Library, KPI Depot is trusted by teams at organizations including Accenture, EY, IBM, PepsiCo, Samsung, and Vodafone.
Got a question? Email us at [email protected].
Process Safety Incident Rate measures the frequency of incidents related to process safety within an organization. It serves as a key indicator of safety performance and risk management effectiveness.
PSIR is calculated by dividing the number of process safety incidents by the total hours worked, then multiplying by 200,000. This standardization allows for consistent benchmarking across industries.
A low PSIR indicates effective safety management and can lead to reduced costs associated with accidents and liabilities. It also enhances employee morale and fosters a culture of safety within the organization.
Monitoring PSIR should occur regularly, ideally on a monthly basis. Frequent tracking allows organizations to identify trends and address potential issues proactively.
A high PSIR can lead to increased regulatory scrutiny, higher insurance premiums, and potential legal liabilities. It may also damage the organization’s reputation and employee trust.
Yes, leveraging technology such as incident reporting software and data analytics can enhance tracking and reporting. These tools provide valuable insights that inform safety improvements and training needs.
Each KPI in our knowledge base includes 13 attributes.
A clear explanation of what the KPI measures
The typical business insights we expect to gain through the tracking of this KPI
An outline of the approach or process followed to measure this KPI
The standard formula organizations use to calculate this KPI
Insights into how the KPI tends to evolve over time and what trends could indicate positive or negative performance shifts
Questions to ask to better understand your current position is for the KPI and how it can improve
Practical, actionable tips for improving the KPI, which might involve operational changes, strategic shifts, or tactical actions
Recommended charts or graphs that best represent the trends and patterns around the KPI for more effective reporting and decision-making
Potential risks or warnings signs that could indicate underlying issues that require immediate attention
Suggested tools, technologies, and software that can help in tracking and analyzing the KPI more effectively
How the KPI can be integrated with other business systems and processes for holistic strategic performance management
Explanation of how changes in the KPI can impact other KPIs and what kind of changes can be expected
NEW Mapping to a Balanced Scorecard perspective (financial, customer, internal process, learning & growth)