Health and Safety Trainings for Employees

Subject: Employee Management
Pages: 2
Words: 284
Reading time:
2 min
Study level: Undergraduate

Cost Estimation

TYPE OF COST Estimated Unit Cost Unit Multipliers Total Cost Timing of Expense
DEVELOPMENT COST
Curriculum Development
Internal salaries-loaded cost
Materials
Presentation material
Computer software
Library access
$30/hour

$1000
$1000
$500

10 hours

N/A
N/A
N/A

$300

$1000
$1000
$500

Year 1

Year 1
Year 1
Year 1

IMPLEMENTATION COST
Instructor Cost
Internal salaries-loaded cost
Employee Cost
Internal salaries-loaded cost
Materials
Student material
Equipment rental
Facilities Cost
$30/hour

$25/hour

$10/handout
$150/kit
$100

2 hours

20 hours

30 handouts
5 kits
1 session

$180

$1,500

$300
$750
$100

Year 1

Year 1

Year 1
Year 1
Year 1

OTHER COSTS
Record keeping, evaluation of training, revision of training
IT support
$30/hour
$100/hour
10 hours
4 hours
$300
$400
Year 1
Year 1
Total Program Cost: $6,330

Health and safety training is of extreme importance, as it helps to protect the employees from hazards of all types. Welding poses a broad spectrum of apparent and subtle dangers that can have an immediate or delayed impact on employees’ health. The hazards include immediate risks to life, such as electric shock or exposure to cadmium fumes, and gradual changes in health status, such as lung function deterioration. Thus, health and safety training is crucial for decreasing the chances of adverse events in the workplace.

The proposed project will affect business in three ways. First, it will contribute towards making your employees competent in health & safety. It is central for companies to develop their employees, and health and the program will become a part of such development. Second, it will help avoid the distress that can be caused by accidents at work. The morale of employees’ can negatively affect the performance of the organization. Finally, the training program can help to avoid accidents and occupational ill health. The company will need to pay less in sick leaves and lose less money on court expenses. Thus, the modest cost of the program is small in comparison with the savings it can offer.