Prevention Before and Ongoing Process Correction Makes All the Difference.
For years Worker’s Compensation seemed like the necessary evil that all business owners and managers had to contend with in order to do business. Many felt they were powerless to improve the process. Change is now the reality. Those that are updating processes are those who are saving money and protecting themselves and their businesses.
Costs for Worker’s Compensation continue to rise. According to one of the largest databases on this subject, prices have risen approximately 26-28% on this item just in the last four years.
Like all budget items, once the costs start going up, we as business owners and executives have to start looking at how we can do this better and get costs down. RWI is your strategic partner in this area. We work hand in hand with you on these items.
Why is there such an increase in costs?
Most people across our nation ask us why these costs continue to rise when workplaces seem to be safer and Risk Management has never been more at the forefront of our minds and business philosophies, not to mention that statistically speaking, worker’s compensation injuries continue to decline on a whole. The answer is simple we found, workers are more educated to the process. Use of these benefits is happening for a longer time, as well as loss of work time due to disability has gotten longer on a whole. This leads to more wage replacement and medical fees because of more doctor visits and all that goes along with those.
Now is the time to be even more controlling of these costs. RWI sees to it that you have the tools necessary to make that happen.
Who is advising your risk manager, and what proactive steps are being taken to make
your Worker’s Compensation costs lessen and be more stable?
RWI brings a whole grocery list of items for you to choose from to help you make the answer to the above question much easier to swallow for your General Managers, Executives and Tribal Authorities.
A few simples steps to savings thousands!
- You have to have a plan
- You have to learn from what has happened and take steps to prevent it ever again
- Identify primary worker’s compensation risks
- Compare your organization’s financial performance against peers’
- Teach Your Employee the Psychological research behind how and when not to take risks
- Take a real look at how Ergonomics processes are being used by your organization
This list could go on for pages, but the point is many tools are available. RWI works to find the solution that is right for you and lower your costs and improve the safety of the workplace environment for your team members. This process becomes a win-win situation to all involved. Let us take a look at what you have in place, and let us see where we can help. You might be surprised. A second look by fresh eyes is always a great start.
So, get started today by getting in contact with our worker’s compensation lead, Terry Harris (918) 625-4963 or toll free 1-888-RWI-GROW.