Virtually everyone wants to feel safe at work. However, every day in the United States, 12,000 individuals are injured while at work. In other words, someone suffers a workplace injury approximately every 7 seconds. And that’s not all – an estimated 2.8 out of every 100 workers will experience a workplace injury at some point in their careers.

Unfortunately, some employees will lose their life on the job. In 2021, 5,190 people died from occupational injuries. That’s 5,190 unique human stories cut short. 5,190 families grieving. 5,190 communities mourning.

When it comes to workplace safety, one life lost is one too many. But Safety Training Videos for Employees can help.

Not All Accidents Are Fatal

Non-fatal accidents range from minor injuries needing no time off to severe injuries requiring extended leaves of absence or long-term rehabilitation. Every year, 2.8 million non-fatal accidents are reported – and that is just in the private sector!

Accidents in the workplace not only bring an emotional toll on workers and their families, they also pose a significant economic impact. Workplace injuries and illnesses cost the U.S. an estimated $250 billion each year including lost productivity, medical expenses and compensation claims.

How Do Accidents Affect Leadership?

Workplace accidents have a huge effect on company leadership. Not only are there costly liability and legal issues, leaders must also face operational disruptions, declines in employee morale and productivity, damage to the company’s reputation, all while improving safety protocols and training programs to prevent future incidents.

Injuries in the workplace have a deep and lasting impact especially this year while CEOs and other business leaders are grappling with these five major challenges:

#1 Economic Instability

Despite prices trending down, high interest rates and lingering inflation have left leaders hesitant about the economy. The ambiguity around the recession’s status adds to the anxiety.

According to the National Safety Council (NSC), the average direct cost of injuries for workers is $42,000 ($23.32 per hour per employee per year). For fatal work accidents, the average work injury cost per worker jumps to more than $1.3 million.

Accidents can lead to increased insurance premiums and higher safety scores (e.g., e-mod) which harm a company’s competitive edge. Effectively managing injury costs requires a commitment to workplace safety. Tyfoom helps companies build a culture of safety with consistent, daily training. While many organizations have seen rising rates for workers’ compensation insurance, Jones Paint & Glass has not experienced a price increase since implementing Tyfoom.

#2 Capital Funding

The ability for organizations to access capital and credit has become increasingly difficult since the pandemic. Companies with lower e-mod scores not only receive a discount on their premium, they are also more likely to win bids with clients, reducing the need for external capital funding. Customers view these companies as a trustworthy contractor because they have an excellent safety record.

The Tyfoom platform provides all the tools employers need to decrease their e-mod score including new employee orientations, personalized learning playlists and refresher training through the Tyfoom Library. Tyfoom makes it easy to report injuries early, maintain safety training records for OSHA reporting, and investigate accidents and near-misses.

#3 Training & Succession

According to recent studies, institutional knowledge (the collective memory of a company) matters quite a bit. It is estimated that 42% of company skills are known only by one person. Unsurprisingly, new hires waste around 200 hours duplicating their predecessors’ work.

A poll found that 81% of employees are frustrated when they can’t access unique knowledge, and 63% of employees prefer to work for organizations where knowledge is preserved. Baby Boomers (born between 1946 and 1964) currently make up 25% of the U.S. workforce and many of the 75 million workers in this generation are looking to retire within the next decade. This is alarming as they hold 40 to 60 years of work-related knowledge and experience that will leave with them.

Tyfoom has the ability to bridge the gap between generations of workers by effectively preserving institutional knowledge and facilitating the knowledge transfer process. Tyfoom’s video-based microlearning platform makes it easy to record and share crucial information without overwhelming the learner. Easy to film and easy to edit, these simple training videos can be created and distributed in minutes.

#4 Workforce Development

Hiring and retention are difficult with low unemployment rates. CEOs must also manage remote teams and navigate a multi-generational workforce. Without a commitment to continuous learning and development, employees may become stagnant in their skills and knowledge, hindering innovation and adaptability. This lack of growth can lead to decreased motivation, disengagement, and, ultimately, turnover as employees seek opportunities for professional advancement elsewhere.

Tyfoom provides an easy and cost-effective solution to employers’ need for perpetual training to continually bridge skills gaps and grow profitability. Using cutting-edge microlearning techniques, managers can curate simple, but effective content playlists based on unique employee needs, equipping workers with specific skills and knowledge that are only gained through work experience. Daily, non-disruptive, bite-sized learning keeps momentum going and ensures long-term knowledge retention.

#5 Harnessing Technology – Safety Training Videos For Employees

Roughly 90% of all visitors worldwide use mobile devices to access the internet. Unsurprisingly, users are 5 times more likely to leave sites that are not optimized for mobile devices. Not having mobile-first platforms within a company is simply no longer an option in today’s digital landscape. An estimated 80 hours per year per employee are wasted on dealing with insufficient or unreliable workplace technology that is not mobile-first.

With a growing reliance on phones and tablets for work-related tasks, employees become frustrated and less productive when they can’t access essential tools and information on their devices. This leads to missed deadlines, communication delays, and decreased collaboration, as employees struggle to stay connected and engaged while on the go.

Tyfoom’s mobile-first approach takes away the pain and hassle in effectively communicating with employees, turning mobile devices into a company’s most powerful tool.

Finishing 2024 Strong

Navigating the multifaceted challenges of leadership this year demands a proactive and strategic approach. From ensuring workplace safety and managing economic instability to securing capital funding and fostering workforce development, leaders must adapt and innovate.

Tyfoom provides invaluable support by enhancing safety protocols, preserving institutional knowledge, and optimizing training and communication through a mobile-first platform. By leveraging such solutions, leaders can not only overcome these hurdles but also build a resilient, efficient and motivated workforce.

To learn how you can finish 2024 strong, schedule a meeting to speak with a Tyfoom training consultant today.

 

 

Virtually everyone wants to feel safe at work. However, every day in the United States, 12,000 individuals are injured while at work. In other words, someone suffers a workplace injury approximately every 7 seconds. And that’s not all – an estimated 2.8 out of every 100 workers will experience a workplace injury at some point in their careers.

Unfortunately, some employees will lose their life on the job. In 2021, 5,190 people died from occupational injuries. That’s 5,190 unique human stories cut short. 5,190 families grieving. 5,190 communities mourning.

When it comes to workplace safety, one life lost is one too many.

Not All Accidents Are Fatal

Non-fatal accidents range from minor injuries needing no time off to severe injuries requiring extended leaves of absence or long-term rehabilitation. Every year, 2.8 million non-fatal accidents are reported – and that is just in the private sector!

Accidents in the workplace not only bring an emotional toll on workers and their families, they also pose a significant economic impact. Workplace injuries and illnesses cost the U.S. an estimated $250 billion each year including lost productivity, medical expenses and compensation claims.

How Do Accidents Affect Leadership?

Workplace accidents have a huge effect on company leadership. Not only are there costly liability and legal issues, leaders must also face operational disruptions, declines in employee morale and productivity, damage to the company’s reputation, all while improving safety protocols and training programs to prevent future incidents.

Injuries in the workplace have a deep and lasting impact especially this year while CEOs and other business leaders are grappling with these five major challenges:

#1 Economic Instability

Despite prices trending down, high interest rates and lingering inflation have left leaders hesitant about the economy. The ambiguity around the recession’s status adds to the anxiety.

According to the National Safety Council (NSC), the average direct cost of injuries for workers is $42,000 ($23.32 per hour per employee per year). For fatal work accidents, the average work injury cost per worker jumps to more than $1.3 million.

Accidents can lead to increased insurance premiums and higher safety scores (e.g., e-mod) which harm a company’s competitive edge. Effectively managing injury costs requires a commitment to workplace safety. Tyfoom helps companies build a culture of safety with consistent, daily training. While many organizations have seen rising rates for workers’ compensation insurance, Jones Paint & Glass has not experienced a price increase since implementing Tyfoom.

#2 Capital Funding

The ability for organizations to access capital and credit has become increasingly difficult since the pandemic. Companies with lower e-mod scores not only receive a discount on their premium, they are also more likely to win bids with clients, reducing the need for external capital funding. Customers view these companies as a trustworthy contractor because they have an excellent safety record.

The Tyfoom platform provides all the tools employers need to decrease their e-mod score including new employee orientations, personalized learning playlists and refresher training through the Tyfoom Library. Tyfoom makes it easy to report injuries early, maintain safety training records for OSHA reporting, and investigate accidents and near-misses.

#3 Training & Succession

According to recent studies, institutional knowledge (the collective memory of a company) matters quite a bit. It is estimated that 42% of company skills are known only by one person. Unsurprisingly, new hires waste around 200 hours duplicating their predecessors’ work.

A poll found that 81% of employees are frustrated when they can’t access unique knowledge, and 63% of employees prefer to work for organizations where knowledge is preserved. Baby Boomers (born between 1946 and 1964) currently make up 25% of the U.S. workforce and many of the 75 million workers in this generation are looking to retire within the next decade. This is alarming as they hold 40 to 60 years of work-related knowledge and experience that will leave with them.

Tyfoom has the ability to bridge the gap between generations of workers by effectively preserving institutional knowledge and facilitating the knowledge transfer process. Tyfoom’s video-based microlearning platform makes it easy to record and share crucial information without overwhelming the learner. Easy to film and easy to edit, these simple training videos can be created and distributed in minutes.

#4 Workforce Development

Hiring and retention are difficult with low unemployment rates. CEOs must also manage remote teams and navigate a multi-generational workforce. Without a commitment to continuous learning and development, employees may become stagnant in their skills and knowledge, hindering innovation and adaptability. This lack of growth can lead to decreased motivation, disengagement, and, ultimately, turnover as employees seek opportunities for professional advancement elsewhere.

Tyfoom provides an easy and cost-effective solution to employers’ need for perpetual training to continually bridge skills gaps and grow profitability. Using cutting-edge microlearning techniques, managers can curate simple, but effective content playlists based on unique employee needs, equipping workers with specific skills and knowledge that are only gained through work experience. Daily, non-disruptive, bite-sized learning keeps momentum going and ensures long-term knowledge retention.

#5 Harnessing Technology

Roughly 90% of all visitors worldwide use mobile devices to access the internet. Unsurprisingly, users are 5 times more likely to leave sites that are not optimized for mobile devices. Not having mobile-first platforms within a company is simply no longer an option in today’s digital landscape. An estimated 80 hours per year per employee are wasted on dealing with insufficient or unreliable workplace technology that is not mobile-first.

With a growing reliance on phones and tablets for work-related tasks, employees become frustrated and less productive when they can’t access essential tools and information on their devices. This leads to missed deadlines, communication delays, and decreased collaboration, as employees struggle to stay connected and engaged while on the go.

Tyfoom’s mobile-first approach takes away the pain and hassle in effectively communicating with employees, turning mobile devices into a company’s most powerful tool.

Finishing 2024 Strong

Navigating the multifaceted challenges of leadership this year demands a proactive and strategic approach. From ensuring workplace safety and managing economic instability to securing capital funding and fostering workforce development, leaders must adapt and innovate.

Tyfoom provides invaluable support by enhancing safety protocols, preserving institutional knowledge, and optimizing training and communication through a mobile-first platform. By leveraging such solutions, leaders can not only overcome these hurdles but also build a resilient, efficient and motivated workforce.

To learn how you can finish 2024 strong with safety training videos for employees, and schedule a meeting to speak with a Tyfoom training consultant today.