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How your company can save money through the right training

GTM Kompetanse|

Many employers view training and education as a cost. But the truth is the opposite: Proper training is an investment that saves money – both in the short and long term. This is especially true in the construction industry, where mistakes and accidents can be costly in both human and financial terms.


1. Reduced risk of accidents

Incorrect assembly of scaffolding, lack of fall protection or incorrect use of personnel lifts can lead to serious accidents. Accidents cost:

  • Direct costs: injuries, sick leave and compensation
  • Indirect costs: lost production, delays and lower morale

By sending employees on courses such as scaffolding courses 2–9 meters , fall protection course or lift course , they learn to perform the work correctly and safely. This minimizes the chance of costly incidents.


2. Less wear and tear and damage to equipment

Improper use of scaffolding, lifting systems or hot work equipment can lead to damage to expensive machinery and equipment. Training provides employees with knowledge of proper handling and maintenance, which extends the life of equipment and reduces repair costs.

Example: A hot worker course teaches employees to assess risks before welding or using open flames, which reduces the risk of fire damage to building materials and machinery.


3. Streamlining work processes

Proper training makes employees work more effectively:

  • They complete tasks faster, with fewer errors
  • They make the right decisions without having to stop for guidance.
  • Projects are completed within deadlines

For example, a scaffolding course allows installers to assemble and dismantle platforms without unnecessary delays, while ensuring safety.


4. Reduced insurance costs

Insurance companies reward companies that can document training and HSE measures. When employees have valid course certificates in scaffolding, fall protection, hot work and first aid, the risk is lower and the premium can be adjusted downwards.


5. Increased well-being and lower turnover

When employees feel safe and competent, well-being increases. This results in fewer sick days, higher productivity and lower turnover. The company thus saves money on recruitment, training of new employees and production losses due to absence.


Summary

Proper training isn't just about meeting legal requirements. It's a smart financial strategy:

  • Fewer accidents = less costs
  • Less damage to equipment = lower repair costs
  • More efficient work processes = higher productivity
  • Lower insurance premium
  • Increased well-being = lower turnover

Through courses at GTM Kompetanse can the company combine security and financial gain:

Proper training saves money – and lives.

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