BOS 3751 Unit VI Assessment

QUESTION 1

Discuss five possible financial benefits of safety training. Which one do you think creates the strongest argument? Which one is the weakest?

Your response must be at least 200 words

Safety training can translate into financial benefits in an organization. Here is a brief summary of five possible financial benefits of safety training.

Firstly, employee safety training increases efficiency in processes which result in financial gains. Safety training will mean that there are no interruptions of the company’s processes and these processes will result in more production and more efficiencies.

Secondly, safety training increases job satisfaction and morale among the personnel. Safety training often creates an impression that the employees are protected and cared for in an organization. Employee satisfaction and improved morale will lead to reduced costs associated with labor turn overs.

Thirdly, safety training reduces the insurance premiums associated with covering the employees against accidents. Training employees in health and safety initially is only the first step toward ensuring a safe working environment.

Fourthly, safety training reduces time away or absenteeism, production and time when the employees are injured and can’t make bit to work.

Fifth and lastly, safety training reduces the likelihood of litigation and compensation claims that could easily arise in the future.

From the above-mentioned benefits, the job efficiency is the strongest argument due to its profitability and job satisfaction and morale is the weakest.

Reference

Haight, J. M. (Ed.). (2012). Hazard prevention through effective safety and health training. Des Plaines, IL: American Society of Safety Engineers.

QUESTION 2

A large research hospital is considering a new computer-based training course for lab safety. The total cost of the hospital’s current training program is $80,000 per year. If the new training program will reduce these costs to $60,000 per year, what is the maximum acceptable cost to initiate the program to reach the break-even point within three years? What is the return on investment for that scenario?

Your response must be at least 200 words.

This large research hospital is considering a new computer-based training course for its lab safety. They have included the total cost of the hospitals current training program which is $ 80,000 per year. They are proposing a new training program that will reduce annual costs to $60,000. Below are the calculations for the maximum acceptable cost to initiate the program to reach the break-even point within three years. Also shown below is the return on investment (ROI) for the scenario.

The total cost of the hospitals current lab safety training program = $80,000

The reduction cost of the new hospital lab safety training program = $60,000

That makes the margin of profit for the hospital to earn = ($80,000 – $60,000) = $20,000

That will make the percentage of profit for the hospital = (20,000 / 80,000) x 100 = 25%

For the research hospital the maximum acceptable cost to initiate the program to reach the break-even point within the proposed three-year period for its computer based lab safety training program = (80,000 x 100) / 25 = 320,000

The hospitals ROI for its computer based lab safety training is listed below.

To find the ROI for the research hospital you must subtract the maximum acceptable cost from the total cost of the hospitals current training program = 320,000 – 20,000 = 300,000

Reference

Haight, J. M. (Ed.). (2012). Hazard prevention through effective safety and health training. Des Plaines, IL: American Society of Safety Engineers.

QUESTION 3

How can the management of an organization contribute to a safety and health training program? What types of things can safety managers do to help guide management’s role in safety and health training?

Your response must be at least 200 words.

Management of an organization is paramount to the success of its safety and health training program. Management are the ones that create and remove safety training programs in their organizations. Below are some of the contributions that management of an organization can provide to a safety and health training program. Management is in charge of policy creation and implementation within an organization meaning they set the tone that their employees will follow.

Management ensures the policies are being followed and enforced. If the management team demonstrates their commitment to the training and safety, employees will follow their lead. Conversely, if management does not show support for safety and training, employees are likely to demonstrate the same behavior, which will eventually lead to poor safety and health practices throughout the organization.

The safety managers need to do a number of things to help guide management’s role in safety and health training. The safety managers should foster staff involvement in the training program through consultation and safety representation.

The safety managers should also monitor the performance standards of the employees after the training and report to the management. This will help the management determine the immediate causes of the substandard performance and make some changes.

Reference

Haight, J. M. (Ed.). (2012). Hazard prevention through effective safety and health training. Des Plaines, IL: American Society of Safety Engineers.

CSU Training and Development. Unit VI Study Guide. Orange Beach, AL: Columbia Southern University, 2018.