E 'has been estimated that employers pay almost $ 1000000000 per week in direct costs associated with Workers' Compensation. What is all the more surprising by the National Safety Council, the indirect costs exceed the brand to a maximum of $ 1000000000 $ 4000000000 a week! With these facts in mind, this is really the time to cut your security?
Your raise the level of attention? I hope so, because this problem does not rest on the shoulders of the insurance companies. E 'rests on the shoulders of every business and we must do something. Now.
One of the first steps in fighting this growing giant, is to educate the people in charge of the compensation of their workers' and safety programs. Many of these people are only aware of the direct costs, which is what they pay for 'compensation insurance for their workers.
We have everything that you can keep your employees safe and healthy is priority number one, or shouldbe that any company in the country. However, his company to be profitable and competitive, remain a major player on the market. But sometimes, the companies will consider to reduce costs, reduce their security budgets and compensation of employees'.
With that said, this movement can end up costing the company more money than could be saved. Workers' Compensation and security budgets are too often seen as a kind of gray. Sense, it is very difficult to actually see a value and monitor the fruits of your hard efforts in dollars. The only thing black and white, the dollar out of workers 'compensation premiums' is.
As we have mentioned before, the direct costs of security and 'compensation premiums are paid workers, security, investment programs and financing. The indirect costs of any unexpected costs associated with a lesion refers to the employees described to return to the status before the injury. With aDirect and indirect cost ratio of 4:1, indirect costs should be> identified occurs, to understand the impact of each injury. Some of these costs include, but are not limited to:
Damage to equipment, machinery, materials, equipment, etc.
Downtime
Lower Austria work ethic
Loss of goods or services
Delays in shipping or orders to
Overtime
Lost Time Managers' resulting from the accident. This includes inspections,Studies, meetings, and administrative
Support staff in the accident. Includes first aid and witness statements
Recruitment and training of deputy
The wages of the workers' compensation
Other non-productive time incurred by the injured worker. It includes all medical
Potential OSHA penalties
Expenditure
A nice list, but has not yet cover all indirect costs. Understand that for every violationThat occurs in the workplace, increasing your workers compensation premiums' of all indirect costs associated with injury is the shade provided. Now is the time to limit the measures required to eliminate or, better yet, any injuries to your company for maximum productivity and profitability assured.