Data Benchmarking. Are Your Workers' Comp Costs Too High?

Enter your company's data to determine whether your company's costs are low, medium or high. Is there is room for improvement? This section provides a mechanism for establishing a baseline and tracking results of your workers' compensation reduction program.

Choosing two to three benchmarks allows you to track progress without getting bogged down in too much information. Best-In-Class Companies typically benchmark each location quarterly and monitor Return To Work Ratios weekly or monthly.

Calculate Your:

Cost Per FTE (full-time equivalent employee)

Cost as Percentage of Payroll

Cost as Percentage of Revenue

Cost Per Claim

Cost Per Lost-Time Claim

Cost Per Medical Claim

Calculate Your Return to Work Ratio:

How long are your employees out of work?

Enter claims into the RTW Ratio Calculator to track whether you are bringing employees back to work soon enough.

If you have no idea how many employees are out of work right now... the RTW Ratio Calculator will help you measure the success of your transitional duty program.

Transitional Duty Savings Calculator:

Will bringing an employee back to work sooner save your company money? Absolutely!

Our calculator shows how much your company can save by bringing employees back to work sooner.

Use this data to gain management commitment.

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