Companies can save millions of dollars by implementing a Transitional Duty Program.
A transitional duty program is when an injured employe is placed in temporary positions, tasks, or jobs that are less demanding than his or her original position. This assists in getting injured employees back to work sooner, but allows them to go through the healing process. See how much money you can save by bringing an employee back to work 14 days earlier with the Transitional Duty Calculator: click here: http://www.reduceyourworkerscomp.com/transitional-duty-cost-calculator.php.
Saving 14 days at $80.00 per day, and the cost of replacement labor might be $1,500 for a temporary worker, if your company profit margin is 7.5 percent. This shows by bringing an employee back to work 14 days earlier your company has saved $34,900. which is the amount of money it would take to "replace" the $2,620 out-of-pocket cost. Use the transitional duty calculator to build management commitment when you are beginning your transitional-duty program. For some smaller companies this might be the entire gross earning for one week. For the 7 Biggest Mistakes Companies Make, click here: http://www.reduceyourworkerscomp.com/lower-reduce-workers-comp-costs.php
Author Rebecca Shafer, President of Amaxx Risks Solutions, Inc. is an attorney and national expert in the field of workers compensation. She is a writer, speaker and website publisher. Her expertise is working with employers to reduce workers compensation costs, and her clients include airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. Contact: [email protected].
WORK COMP CALCULATOR: http://www.LowerWC.com/calculator.php
MODIFIED DUTY CALCULATOR: http://www.LowerWC.com/transitional-duty-cost-calculator.php
WC GROUP: http://www.linkedin.com/groups?homeNewMember=&gid=1922050/
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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers comp issues.
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