The Costs and Benefits of Simulation-Based Training
Report details key considerations to fill employee and training gaps in a cost-effective, efficient, and safety conscious way.
Dear Grading & Excavation Contractor,
The construction industry has seen steady growth over the past decade, fueled by significant building and infrastructure projects. Finding skilled crane and heavy equipment operators is increasingly difficult. A 2017 poll indicated that over 75% of construction firms were having trouble finding skilled equipment operators.
Operators need to be trained; however, training can be risky. Vehicle/equipment accidents are the leading cause of workplace deaths on construction worksites. Placing inexperienced operators on machinery can add unnecessary risk to the student, the instructor, and the worksite. This report, provided by our friends at CM Labs, reviews the costs, benefits, and key considerations when considering simulation-based training.
Aside from the risk of injury, the cost of construction equipment training can be substantial. One company interviewed noted that renting equipment to train student operators costs between $8,000 and $10,000 per month. After adding wages, fuel, insurance, and maintenance, the annual cost of training can top $100,000 per piece of equipment.
When you read “The Costs and Benefits of Simulation-Based Training” you will:
- Discover the direct costs saved by simulation training;
- See how indirect costs can be even more than direct costs;
- Read two case-studies of organizations that had success with simulation-based training;
- Learn key considerations to keep in mind when reviewing simulation providers.
If any of these questions intrigue you—or if there’s anything about the simulation-based training you think you still have to learn—download this FREE ebook now.
Publisher, Grading & Excavation Contractor