I work for a company and have been tasked with looking into ways of setting KPI's.
The first way I thought was to compare to industry related results for comparison.
The second way was to compare against our own results from previous years.

Are there any other ways of measuring / setting KPI's that I have missed.

thank you

I agree with Peter. I think you are better building KPIs around aspects which are proactive rather than reactive.

I would also suggest the following:
Number of near miss reports (which encourages employees to report hazards)
Number of safety concerns reported and proportion actioned
Number of inspections carried out by senior management
Scores generated by safety advisor inspections and audits

KPIs are just the specific topic you look at. What you need to think about is the level of performance you want to achieve.

I have done this in the past with companies I have advised. We set out the KPIs and then decide on our target number. Start off fairly low so managers can get into the swing of collecting the information, and then month on month you can raise the target to as high as you see reasonable.

Example. We started doing site inspections which yielded an actual percentage result for 5 site criteria. Welfare, Protection against Falls from Height, Good Order, Inspections and PPE compliance. The terms of how scores were determined was very clearly specified (it all has to be absolutely fair and transparent). The initial inspections were done and baseline performances were determined. After that, site managers were given feedback on their performance (and that of other sites), and the scores rose by themselves as the Managers focussed on those aspects.

You've just got to pick aspects which will hopefully reduce the chances of accidents.

I think the first thing in seting any KPI is to determine the objectives, establishe performance level. You must concern the health and safety policies of your organisation and see which aspect of health and Sefty is to be managed. The performance level must be SMART and not over loaded.

KPI,s are usually set by the directors of the company, to see how well the company is performing on a monthly basis. You can give them information that you want in the KPI i.e. Reportable and non reportable accidents, how many lost days, Near misses, safety proactive initiatives, workplace inspections.

If the objective of using KPI's is to continuously improve your risk management. Rank risks and develop KPI's that measure the success of the control measures you employ to manage those risks. For example if Fire is judged to be your highest risk you might consider measuring success of your testing & maintenance regime for detection & warning systems. So one part of the control is that you plan to test every system weekly; did you achieve your plan? You plan that all staff do specific fire training; did you achieve it? And so on. If you can also measure in real time as opposed to audit the benefit is immediate you can see problems develop and intervene at an early stage. Prevention being far better & cheaper than cure.