Case
Study: Consolidation of Multi-State Payrolls
Saves Company $283,000 and Lowers Experience
Mod
The
more states you are in and the more carriers
involved, the more likely your Mod is
not being handled correctly. Learn how
the expertise of Certified WorkComp Advisors
was able to save this employer $283,000.
Know
your exposure to Workers' Compensation
claims from different states
Since
Workers' Compensation is regulated primarily
by individual states, there is no one
single set of rules governing multi-state
exposures. While there can be substantial
savings when the exposure is properly
managed, exposures in other states can
result in unpleasant surprises or hidden
overcharges when not properly managed.
12
suggestions to help you avoid hiring a
Workers' Compensation claim
Injuries
often begin at the date of hire when insufficient
time and resources are committed to ensuring
that the employee is a good fit for the
position and company. While federal and
state laws restrict certain questions
during the interview process, there are
steps you can take to minimize the possibility
of hiring a problem claim.
Overtime
authorization policy for non-exempt employees
saves money
A
written policy and authorization form
can help curb unnecessary overtime and
improve your bottom line.
A
closer look at medical expenses that drive
the cost of claims
Even
as the number of injuries decline, the
costs of injuries continue to skyrocket.
While there is a natural tendency to blame
medical inflation for the higher costs,
it plays a minor role. Over-utilization
of medical services and a changing mix
of treatments play a much larger role.
Workplace
culture that discourages drinking gets
results
According
to a study published in the May 24, 2007
online edition of Occupational
and Environmental Medicine, workplace
cultures that discourage drinking make
employees less likely to drink heavily
both on and off the job
Controlling
the summer sick day syndrome
With
the advent of summer often comes a spike
in unscheduled sick days, particularly
on beautiful Fridays and Mondays. Paid
time off programs may be the answer.
