It's easy to earn management commitment for implementation of a new program if you "show them the money." Management responds to dollars, savings, earnings per share and EBITDA (earnings before interest taxes depreciation and amortization). So, talk to them in their language. Try using the Sales to Pay for Calculator at www.ReduceYourWorkersComp.com/calculator.php. If you have a claim that has incurred loss of $15,000, show them that it takes $230,769.23 to replace the $15,000 on the bottom line if your profit margin is 6.5%. Ask them to invest in a program to reduce their costs, perhaps to help you design a training program. They will invest $6,000 but save $230,000. THAT is a good ROI (return on investment).
The 7 Biggest Mistakes Employers Make is at: http://www.reduceyourworkerscomp.com/lower-reduce-workers-comp-costs.php
