Knife safety training for employees has a great return on investment for companies where employees utilize knives on a regular basis. Companies may have to invest more in the beginning, but the savings they reap from safety trainings and the benefit of knowing that their employees are safe is always worth it. To understand how much the savings will be, you must know exactly how much knife injuries cost companies. The cost of lacerations and injuries from knives add up because employers are paying for the injured workers to have the injuries treated, for their hospital bills, for the days the employees are out of work, and sometimes for lawsuits. According to OSHA, the average cost per claim for a direct or indirect laceration injury is $36,472. The National Safety Council reported that over 1 million hand injuries occur each year in the United States and 63% of these are from knife lacerations. On top of that, there are 2.4 million hospital visits from cutting or piercing instruments. The main reason so many knife injuries occur in the workplace is because employees are not properly trained on how to use their cutting tools or on the safety precautions they should take while utilizing them.

There is no reason for businesses to lose money from knife injuries when knife injuries are easily preventable. Whether it is box cutters, scissors, kitchen knives, or utility knives, employees are less likely to injure themselves if they are trained on the proper way to use their specific cutting tool and what to do and not to do while using it. If more employees had knife safety training, the number of workplace injuries from knives would be much lower. Safety programs have proven to save companies millions of dollars. For example, Schneider Electric saves 15 million dollars annually from the safety program they invested in and implement on an ongoing basis. It is not only a monetary investment, it keeps employees safe and healthy.