What is the timeframe for implementation of the cost reduction program?
How long will it take to get started?
Answering the Best Practice Assessment usually takes about 45 minutes, and you'll have your WC Score immediately after taking the Assessment. You'll also receive a list of Customized Recommendations based upon your responses to the assessment questionnaire. Then you'll begin working through Modules 1 - 10 of the Improvement Plan. It's finally all at your fingertips...
Workers Comp Kit consists of Levels 1, 2 and 3 of this website. You can purchase them as a package or use only a single level. You can begin NOW! We'll set up your User Name and Password, so you can begin immediately.
The fee for using Workers Comp Kit are based on number of employees in your company. It's as accessible and affordable to small, single site employers as it is to larger multi-national companies. Email us or click LIVE HELP to get started.
Implementation of a traditional consulting process can begin immediately also, but takes a little longer because it's not web-based. With traditional consulting, we assign a consultant to your company. The consultant sits down with you to agree on your objectives and planning begins immediately. This can be done by telephone.
In some cases a thorough assessment is needed to isolate problems which are driving your costs, but in many cases our consultants can identify problem areas immediately. That is one of the benefits of using experienced consultants -- we've done this before (many times) and there is no delay for a learning curve. A general timeframe is...
How long will it be before we see a cost reduction?
The time to see cost savings varies, but when there is full management commitment and sufficient available resources, a company should see significant improvement in their Return-to-Work Ratio within six months after the program is rolled out and training is complete.
Of course, situations vary and many companies see immediate improvement once they begin their return- to- work program. This is most often the case.
Occasionally, when a major change is made within the structure of the company, such as an acquisition or merger, or there is a change in key management or risk management personnel, results may be delayed until the change is complete.
If you plan to change your broker, insurance carrier or your claims administrator, it may be best to wait until after the changes have been made. We can begin working with you right away, to help you make the best decisions when selecting a claims administrator, insurance carrier or broker, but we'd probably implement new injury management and workers' compensation procedures after the new partners had settled in. We do this because the new workers' compensation processes are designed around your service providers. All new documents and materials refer to these providers, so there's no point in developing materials which refer to claims administrator #1, if you'll soon be using claims administrator #2!
How much will this program really reduce our workers' compensation costs?
This is just three examples of many companies we've worked with. The average results are 20-50% reduction in loss costs if you follow all steps of the process. I have seen several situations where the loss costs have been reduced 60%. These results have remained consistent for over 15 years with every company I have worked with.
The reason for the staggering reduction in your loss costs is that the employer will take control of the situation. When workers' compensation costs are too high, it is because there are "too many claims which last too long." Thus, the program focuses on reducing the number of days an injured employee is out of work. We'll quickly implement changes which give you, the employer, control of the injury situation. When costs are high, it's because the worker -- not the employer - controls the situation. We'll help you put systems and procedures in place to immediately gain control over the workers compensation situation.
For a few more details about how the Workers' Compensation Cost Control Process works, click on Custom Programs and Training.
You can read more about the type of procedures we use in News & Articles.
