Contact Information: Contacts: Henry Stimpson Stimpson Communications 508-647-0705 HStimpson@StimpsonCommunications.com Rebecca Shafer Amaxx 660-553-6604 Info@WorkersCompKit.com
Employers Can Measure Transitional-Duty Savings With Free Online Calculator
Now Available at www.ReduceYourWorkersComp.com
| Source: Amaxx
MANSFIELD, CT--(Marketwire - June 30, 2008) - A new free online calculator shows how much
money an employer can save by bringing back injured employees sooner with
transitional-duty jobs.
The return-to-work cost-savings calculator is available at
www.reduceyourworkerscomp.com/tdc_calc.php.
The calculator is a quick, easy-to-use tool that shows management how much
the transitional-duty program is saving the organization. It also
calculates how much a particular lost-time claim costs the employer.
The calculator is one of many free tools available on Workers Comp Kit®,
a comprehensive Web-based cost-control program for employers of all sizes
and types.
Transitional-duty programs let injured employees become productive sooner
by giving them real jobs to do while they heal. But setting up or
maintaining a program can be a tough sell unless you can show senior
management the bottom-line benefits, according to Rebecca Shafer, president
of Amaxx, provider of Workers Comp Kit.
Dollar Saved = $10 Earned
The calculator shows how $1 saved can be equivalent to $10 earned,
depending on profit margins. For example, XYZ Widget Company's profit
margin is 10 percent. If it can save $100,000 with a transitional-duty
program, that's equivalent to putting $1 million of new revenue on the
books. A company with a 5 percent margin would benefit twice as much.
"These calculations are real eye-openers," Shafer said. "Given a tough
economy, organizations will find it difficult to grow their top lines.
Saving on workers' compensation through transitional duty and other proven
strategies makes a big difference on the bottom line."