1. Hiring unqualified employees. Many employers fail to make sure new
hires are qualified to safely perform the job they were hired for.
2. Letting workers stay out longer than needed. If an employee is
healed on January 15, he or she should be back to work January
15 -- not Feb. 15 or June 15.
3. Having too many employees out of work too long. Employees stay out
of work when there are no post-injury procedures to bring them back
to work quickly.
4. Penny-wise, pound-foolish. Some employers won't spend a few hundred
dollars to send managers responsible for workers' compensation to
conferences and seminars where they could learn how to reduce workers'
comp costs and possibly save millions. Or, they look for the least
expensive claims administrator rather than the one that will provide
the best quality claims handling.
5. Lack of understanding. Management doesn't understand the real cost
of workers' comp. With a $15,000 claim, if the profit margin is 8%,
it takes $187,500 to replace it on the bottom line. Management may
not know they can direct medical care in those states where it is
permissible. Lack of understanding by adjusters about medical
terminology can be costly. Injured employees may think an insurance
company is paying the claim completely, with no impact on the
employer.
6. Failure to communicate with injured employees. Attorneys, friends,
and other injured employees communicate with injured employees.
Employers must make sure they get your message first -- starting
before an injury even occurs.
7. Failure to monitor or coordinate medical care. No one is making sure
a reasonable treatment plan is in place. For example, as long as any
doctor says an employee cannot work, no one takes proactive steps to
refute that position.
See www.reduceyourworkerscomp.com/lower-reduce-workers-comp-costs.php.
"Workers' compensation is not a fixed cost of doing business as many CEOs,
CFOs and business owners think. It is a controllable expense," says site
creator Rebecca Shafer.
The site incorporates her 20-plus years of comp experience along with the
practical insights of other top experts.
Contact Information: Contacts: Henry Stimpson Stimpson Communications 508-647-0705 HStimpson@StimpsonCommunications.com Rebecca Shafer Amaxx 660-553-6604 Info@WorkersCompKit.com