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Workers' Comp Kit® for Large Businesses (>$1M WC Costs)
Workers' Comp Kit® is a web-based system that streamlines the workers' compensation cost reduction process and gives companies the tools to improve.
Virtually any type and size company can benefit from the assessment and cost control tools available with the Workers' Compensation Kit®, from the lunch counter with 10 or 15 employees to the office cleaning company with a staff of 120 to large motor vehicle or auto parts manufacturers with 1000 employees or more.
- Cost Per Full Time Employee (FTE) for companies with less than $1 Billion in revenue is $681. Cost Per FTE for companies with more than $1 Billion in Revenue is $564
- A good best-in-class target goal for small companies is $250. For larger companies, target goal is $300
- RTW Ratio Goal: 95% return to work within 1-4 days after injury.
- National Workers' Compensation Score™ should be 78 - 100 for small companies, 82 - 100 for larger companies
- National WC Score Tracker™. should show consistent upward trend for all companies
Workers' Comp Kit® Helps Identify Critical Factors Affecting Your Bottom Line
The National Workers' Comp Score™ gives you an overall score you can use to identify critical cost drivers affecting your bottom line.- You can see how you stack up to scores of other companies taking the assessment
- Compare workers' comp practices between divisions in your company. Businesses are often strong in one or two areas, and not in others.
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If your company has various operating units the assessment should be completed by each
unit separately.
- In this case it is likely that each operating unit handles injury procedures differently
- Each unit may even have different insurance companies and claim administrators
Workers' Comp Kit® Improvement Plan: Develop, Implement and Train
Risk Managers of medium and large companies (WC costs of between $1M and $10M) may recognize a workers' comp problem but lack either the time or experience - or both -- to zero in on the problem.With the Workers' Comp Kit®, once you receive your National WC Score™, an Improvement Plan can be developed to significantly reduce workers' compensation costs by up to 50%.
Implementation of these proven processes and procedures developed by our experts over the past 20 years can help your company - no matter how large or how small - save money!WorkersCompKit.com can be used as a training site, or to supplement claims administrator's services
- Purchaser can also use WorkersCompKit.com to delegate many of the day-to-day tasks to an assistant or designee
- Workers' Comp Kit® tells companies what they are doing right and what they're not.
- The system allows management to make fast, accurate decisions based on easy-to-use Benchmarking Reports
- Management learns how to implement solutions quickly and correctly
For more information about how to reduce your Workers' Compensation costs, send us an e-mail, or simply submit this short form.
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