Training in the Construction Industry
What is the return on investment for a training program?
It seems logical that the cost saved by preventing just a few accidents per year would likely offset the cost of training employees to work safely. When you add up what just one larger accident would cost in medical bills, lost work time, lost productivity, equipment repair or replacement, legal fees, OSHA fines, potential settlements, increased insurance rates, and other expenses, the total could easily run from hundreds of thousands of dollars to a million or more.