What Is a Return to Work (RTW) Ratio?
The Return To Work Ratio (RTWR) measures the effectiveness of your transitional duty program. The ratio calculates how long it takes employees suffering a lost time injury to return to work in either a transitional duty assignment or full duty
The RTW Ratio accurately assesses how well your company manages the return-to-work process. Before you go to a lot of trouble to start measuring this, find out what your TPA has to help you. Perhaps they are already have a similar measurement.
The Focus is on Lost Work Days
For every day an employee is out of work, the cost of the claim increases; therefore, it is of critical importance to actively manage your claims using techniques designed to return injured workers to active work status as quickly as possible. At the same time, it is critically important to be able to track and know exactly how well the return-to-work process is proceeding.
Here is an example of “good” and “bad” outcomes RTW RATIO EXAMPLE
You can develop the RTW Ratio using a simple list, a spreadsheet or the online Workers’ Compensation Tool Kitâ„¢. The RTW Ratio allows you to calculate lost days quickly and see at a glance how well you are doing. The graphic visualization is helpful and motivational. Then you can take appropriate action as needed to improve your company’s rate of returning workers. More about bringing employees back to work sooner: http://reduceyourworkerscomp.com//employees-back-to-work-sooner.php
WC Calculator www.ReduceYourWorkersComp.com/calculator.php
TD Calculator www.ReduceYourWorkersComp.com/transitional-duty-cost-calculator.php
WC 101 www.ReduceYourWorkersComp.com/workers_comp.php
Do not use this information without independent verification. All state laws are different. Consult with your corporate legal counsel or other professionals before implementing any cost containment programs.
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