Safety training helps reduce workplace injuries by equipping employees with the knowledge and skills to identify and manage hazards. This results in a safer work environment, fewer accidents, reduced injury costs, and compliance.
The direct costs of injuries include medical expenses, wage loss and administrative expenses.
The indirect costs of injuries include workplace disruptions, loss of productivity, worker replacement, increased insurance premiums, legal fees, OSHA penalties, negative impacts to sales, human resources, and operations.
The total cost of an injury is = (Direct Costs + Indirect Costs)
Noncompliance with OSHA’s safety training standards has consequences.
Investing in safety training prevents injuries and their associated costs. According to OSHA, companies implementing injury and illness prevention programs that include safety training, including online training, reduce injuries by up to 35%. According to the American Society of Safety Professionals (ASSP) and OSHA, for every $1 invested in safety, a company will save $4 to $6.
Additional Benefits of online safety training:
The Safety Pays Program raises awareness of how occupational injuries and illnesses can impact a company's profitability. The program features multiple tools to help employers estimate costs from workplace injuries. The Safety Pays Tool uses data collected from thousands of workplaces to provide businesses with the opportunity to compare their workplace safety record with their industry peers. The Individual Injury Estimator focuses on how much a specific injury could cost a business. Through these tools and related resources, the Safety Pays Program demonstrates the value of implementing workplace safety and health practices that keep employees safe while lowering costs due to work-related injuries and illnesses.