Personal Protective Equipment (PPE) is expensive.
For a hard hat, you're looking at spending about $100 for one. Then you have to multiply that by all the workers in your company. So let's say you have 100 employees. That's 10000 just on hard hats and if each employee loses one or three, you could easily spend more than triple your budget. And that's just for one piece of PPE. Your employees probably need a lot more than that.
And the expenses don't stop there.
If you don't have a proper system and rules in place to manage this PPE, chances are, it will go missing or end up broken.
That means you'll need to keep replacing it and that's an exercise you might not be able to afford.
But, if you have an asset management policy in place in your company, you can manage your PPE effectively so you never waste money replacing it
Make it clear that anything that your company buys with its money belongs to it. This is even if you give the asset to your employees to use, just like their safety gear.
Because your company owns the protective equipment, you expect employees to stick to these seven rules when they use it: