Safety training and education can help prevent all sorts of workplace injuries, illnesses, and fatalities. However, this is not all. Apart from the obvious, safety training can bring financial and production value to your company as well.
It can prevent major disasters, improve employee morale, retention, and take your business to new heights.
Let’s dive deeper and explain what value safety training can bring to your company.
● Costs of Injuries, Illnesses, and Deaths
To fully understand the value of safety training, you must first understand the costs of workplace or occupational injuries, illnesses and deaths. We can categorize these costs into direct and indirect costs.
Direct costs include:
- Sick Pay
- Medical Expenses
- Insurance Premiums
- Legal Costs
- Fines or Penalties
Whereas indirect costs include:
- Hiring and Training Replacement Workers
- Production Loss
- Loss of Reputation
- Administrative Expenses
- Increased Absenteeism
- Repairs of Damaged Equipment
These direct and indirect costs result in a loss of employee morale, production, revenue, reputation and overall business for any company. It is clear to see how injuries, illnesses, and deaths can be far more costly than any comprehensive workplace safety training.
● Incredible ROI
Workplace safety training should not be seen as an expense, rather an investment for your business. Preventing injuries and deaths will cost your company a lot less than if there was no training and injuries and accidents continued to happen.
Companies experience the cost-savings of safety training in multiple areas. These include decreased spending in areas such as administrative and medical expenses, lower insurance premiums, and fewer fines and penalties.
However, safety training is not only good at reducing costs, but it also offers incredible return on investment (ROI). The changes it brings to your company to improve health and safety can further improve your company’s overall productivity, performance, and finances.
Apart from reduced costs, you can expect higher productivity, an edge in recruitment over your competitors, and increased employee engagement, retention, and satisfaction. Your company can potentially gain a significant edge over the talent pool of your industry.
This is an incredible advantage that has the ability to leave the competition behind and take your company to new heights.
● Preventable Injuries and Accidents
With a little awareness, knowledge, and training, most workplace injuries, illnesses, and accident can be prevented. Safety training allows you to spread awareness among employees, teach them about safety and train them to prevent accidents, injuries, and deaths.
Proactive safety measures help avoid such incidents altogether. Of course, sometimes accidents can happen regardless of how well employees are trained and skilled in preventing them. However, safety training ensures that the frequency of such accidents is significantly reduced to a negligible amount.
● Proper Labeling and Communication
Most business operations rely heavily on proper communication and correct labeling of items and equipment. Mislabeled equipment, items, or products mean more accidents, damages, and poor customer experiences, because your customers may not get what they expect.
This puts customers and your company at huge risk. Incorrect product labeling could also lead to expensive legal consequences regarding false advertising. In extreme cases, unlabeled or mislabeled hazardous materials can end up severely injuring or even killing employees or customers.
Similarly, poor communication can result in workplace confusion, distrust, production delays, and accidents. All things that will cost your company its reputation, time, money, and other precious resources.
Safety training teaches your employees to properly label everything and communicate things effectively. This can help prevent disaster for your company, both financial and public.
● Continued Production
Workplace safety training limits production delays by significantly reducing accidents, damages, and absenteeism. As with any business, delays and downtime can be tremendously costly, resulting in loss of orders, customers, and overall revenue.
Not only will safety training improve production, but it also helps you identify and analyze the safety problems that typically cause production issues. Your company can implement measures to overcome these problems and further optimize production.
Employees also learn how to improve maintenance by following correct procedures. Similarly, confined space training can help ensure that employees work correctly in confined spaces and return home safely after work.
● Positive Reputation
Safety training helps engage employees, which results in creating a safer work environment for everyone. It gives them more incentive to openly discuss and point out hazards to their superiors.
Employees feel more empowered, secure, and heard. Over time, this positive engagement and feedback can create better working conditions, greater employee retention, and cost-savings in new ways.
Most importantly, it provides your company with a positive reputation in the industry and markets. Your company will attract and retain more employees and customers than ever before, because it will gain the trust of the public for prioritizing health and safety.
Ultimately, your company will reduce hazards, costs, and increase its performance, revenue, and reputation.
Safety Training Courses in Vancouver
Here at Metro Safety Training, we offer comprehensive safety training courses, fall protection courses, confined space training, and a lot more for your company.
Our qualified instructors are experts who educate and train your employees on everything you need to know about accidents, workplace safety, and inspection. They can guide you through proper training, universal standards, accident prevention, and how to handle accidents in emergency situations.
It is a practical approach with hands-on training that not only provides theoretical knowledge but also gives your employees the comprehensive practical training they need to learn proper techniques.
Enrolling in our courses with our certified professionals will ensure your company is fully prepared to prevent, reduce and handle any accident or emergency situations, mitigating the risk to you, your company, employees, and customers.
If you want to learn more about the value safety training can bring to your company, safety training in BC, or about our comprehensive safety training, fall protection, confined space training courses and other courses, please visit our website today.
