Workplace safety training can actually save your business money, increase productivity, and raise employee morale.
When asking small business owners why they don’t fulfill OSHA training requirements the most common response is that they don’t have the time or the money. This answer usually is a result of them not understanding how performing workplace safety training can actually save their businesses money, increase productivity, and raise employee morale. Below are listed some of the benefits of employee safety training.
Lower Insurance/Worker’s Compensation Cost
Companies that conduct employee safety training have fewer accidents/injuries in their workplace which keeps their insurance premiums low. Many insurance companies will also offer discounts to companies who have safety programs and conduct employee training on the hazards in their workplace. Safety and training of employees can benefit all companies by reducing insurance expenses, and with a positive claim history, it can actually decrease insurance rates.
Increase Productivity/Decrease Downtime
Per OSHA, lost productivity from injuries and illnesses costs companies $60 billion each year. Workplace injuries increase employee absenteeism, increase retraining cost of replacement employees, and can affect the quality of your product or service. Proper workplace safety training on the hazards in the workplace will produce a safer more productive employee. Safe workplaces provide the consistency and reliability that results in increased productivity and profits.
Raise Employee Morale
A safe employee is a happy employee and a happy employee is a productive employee. Injuries and illnesses in the workplace can lower productivity, morale, and ultimately decrease profits. Businesses who train employees on their safety and health program have fewer injuries, are often rated “better places to work,” and have more satisfied, more productive employees.
Avoid Increased OSHA Fines
As of August 2, 2016 OSHA has increased their fines by approximately 78% to account for inflation. OSHA had last adjusted their fines in 1990 and going forward fines will continue to increase to reflect inflation. In order to avoid these hefty fines, it is more important than ever to implement the correct OSHA training requirements. According to OSHA not only are employers required to have a written health and safety program, but they must perform employee training on those programs and any hazards found in the workplace. If your business is the target of an OSHA inspection, then you will be asked to produce documentation of all workplace safety training. If you cannot prove your employees have been trained or they do not demonstrate knowledge of your health and safety programs, then you might be subjected to substantial fines levied by OSHA.
Take online course: How to Cultivate Safety Compliance in the New Year
Get compliance training by taking one of SafeLInk Consulting's other live webinars or on demand online courses.