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Workers Comp Schedules:
What is the timeframe for implementation of a cost reduction program?How long will it take to get started?
Answering the Best Practice Assessment usually takes about 45 minutes, after which:
- You'll immediately get your National Workers' Compensation Score™ 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...
You can begin NOW! We'll set up your User Name and Password, so you can begin immediately.
Workers' Comp Kit®: Improvement Plan Implementation Schedule
A general timeframe for the implementation of a new workers' compensation program is...
More traditional, personal consulting service is available, and can begin immediately also, but the process takes a little longer because it's not web-based.
- With personal 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 may be needed to isolate problems which are driving your costs up, but in many cases our consultants can identify problem areas immediately.
Those are just a few of the benefits of using experienced consultants -- we've done this before (many times) and there is no delay for a learning curve.
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
- Occasionally, results may be delayed when a major change is made within the structure of the company until after the change is complete, such as an acquisition or merger, or when there is a change in key management or risk management personnel
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
- However, 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 the new providers, so there's no point in developing materials which refer to claims administrator #1, if you'll soon be using claims administrator #2!
For a few more details about how the Workers' Compensation Cost Control Process works, read Custom Programs and Training.
You can read more about the type of procedures we use in News & Articles.
"Workers Compensation Management Program: Reduce Costs 20% to 50%"
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To learn more about how to lower your workers compensation expense, read the guidebook from Advisen and the Workers Comp Resource Center, Workers Compensation Management Program: Reduce Costs 20% to 50%, which covers the following:
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