Did you know that the average cost of a work-related injury is over $39,000? The National Safety Council further states that, depending on the type of injury, that cost can reach upwards of $80,000. Additionally, each OSHA penalty for non-compliance costs $13,260 with willful or repeated offenses clocking in at $132,398 per violation.
While, alone, these numbers are staggering, combined with days and productivity lost, decreased employee morale, increases in workers’ compensation insurance rates—not to mention the emotional, physical, and financial duress experienced by employees and their families—an on-the-job injury is a risk organizations want to avoid at all costs.
Build a culture of workplace safety.
Combined with a workplace safety plan, comprehensive safety training is a critical starting point—particularly for new or younger employees in hazardous work environments. The Insurance Information Institute stresses this importance, stating that workplace safety training should be included as part of employee onboarding and offered on a regular basis as a refresher.