Hecla tracks safety performance and training indicators including its All-Injury Frequency Rate (AIFR), near misses, observations, equipment damages, and training hours, with a goal of reducing safety incidents and improving upon the previous year’s performance.
Performance against safety targets is a key component of our short-term incentive pay (STIP) program for salaried employees, including named executive officers. Safety is also part of hourly incentive programs at three of our four production sites, an initiative that has raised awareness and improved safety. Prior to 2024, the STIP was based on advancing our long-term trend since 2012 of reducing our AIFR, including lost-time injuries, restricted workday cases, and medical treatment incidents. In 2024, to drive focus on activities to further improve safety performance, we created our first targets for selected leading indicators in the STIP. These targets focused on: identifying and correcting hazards (including regular inspections and proactive reporting of hazards and near misses); risk reduction (such as risk assessment and implementation of hierarchy of controls); and safety engagement in the workplace (employee interactions and observations). In 2024: