Workers Comp Math Made Easy
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Does your organization understand how workers compensation impacts the bottom-line, or what it could be doing to get control of comp insurance costs?
If that sounds familiar, this informative resource is for you.
The only real way to sustainably lower your workers comp premiums is to create the conditions for a safer workforce. That’s why information and collection of data is so important; the more you know, the more angles you have for examining your program, and the more opportunities you can uncover to improve the safety of your workforce.
To effectively measure your workers comp program you need to collect as much data as possible, to help with meaningful analysis that translates into dollars saved and highlight where safety needs added emphasis.
You’ll learn how to calculate…
- Basic Workers Comp Metrics
- Cost Per Worker
- Claim Incidence Metrics
- Expense Per Active Claim Metrics
- Cost Per Closed Claim Metrics
- Lost Time Metrics
- Return-to-Work Metrics
This is the math that matters to executives, safety professionals, and human resource teams.