The video above is about the actual cost of a mistake. The example in this case was re-manufacturing a piece for fit. Some of the areas to calculate for the cost included: rework, machine time, inspection time, administrative time, clerical time and new material. After adding the numbers all up the rework cost well over a thousand dollars for a small mistake.
So as a reminder, the next time you’re new employee is learning a new task, make sure that they really understand the details of the job. If you can lose a thousand dollars or more on one small mistake, you can definitely take an extra ten minutes to explain thoroughly about the details to the employee. This will add great value and decrease the number of errors.