Workers' Compensation Program
Raytheon's workers' compensation
program has been an industry leader
for many years, as demonstrated by
an 86 percent reduction in the annual
costs incurred from 1988 to 2008.
This dramatic reduction in costs is
due to a number of factors, including:
world-class safety programs and
processes which reduced injuries;
initiatives to manage the length of
employee absence; aggressive claims
management; and the transition to
self-insured and self-administered
operations in Massachusetts and
Rhode Island.
Hazard Risk Assessments
We completed more than 18,000 risk
assessments in 2008, far exceeding our
goal of 14,000 assessments. In 2008, we
also set a goal to mitigate 90 percent
of the risks we had identified in 2007.
Our teams made tremendous progress,
and by year-end, we had mitigated 91
percent of those risks. We completed
over 1,700 Job Hazard Analyses using
our Web-based, enterprisewide Job
Hazard Analysis process. In addition,
we partnered with Liberty Mutual to
conduct Qualitative Risk Assessments
(QRA) of selected chemical processes.
More than 2,400 QRAs were completed
through year-end 2008. We continue to
resolve risks identified in assessments,
and we track mitigation measures to
completion with the oversight of
senior management and the Board
of Directors.
OSHA Voluntary Protection Program (VPP)
OSHA's VPP uses rigorous criteria to
recognize worksites with exemplary
safety programs. Of approximately
nine million worksites in the United
States, only 2,000 have achieved
VPP certification. Raytheon's
comprehensive safety programs
create a strong foundation for our
operating locations to achieve VPP
certification. In 2008, we achieved
VPP Star Certification at the Missile
Systems operation in Louisville,
Kentucky, and the Integrated Defense
Systems Seapower Capability Center
in Portsmouth, Rhode Island. We now
have five VPP Star-certified locations
and three more that have been
recommended for certification.
