Workers Compensation Cost Reduction Do You Know Where You Are Going

Goals, Planning and Implementation
or “Let’s Just Take the Assessment”

Sometime ago a well-respected and very knowledgeable workers’ compensation consultant told a very interesting story. A high-profile pharmaceutical employer engaged the consultant’s services to “solve” their out-of-control WC costs. After a good bit of back and forth, traveling to and fro and lengthy discussions, the consultant told the client it was now time to get the ball rolling by figuring out where they were now and where they needed to go. You can imagine the surprise when the client said they wanted their problem “fixed,” they needed a “plan” they could “implement” but were NOT going to take a best practices assessment! Well, that brought everything to a screeching halt.

You can’t know where you are going in the workers’ compensation cost cutting arena if you don’t assess where you are (as the clichÃ© goes) “at this point in time.”

Three steps are necessary and can’t be avoided. Goals, Plans, Implementation.

Goals:
They are not wants, needs, desires, wishes. “I’d like to lose weight,” is not a goal.
They are: Concise, direct, time limited and achievable. “I’m going to lose 10 pounds in 10 weeks” is a goal.

Planning:
Not: “I think I’ll eat less.”
But: “I need to lose one pound per week to reach my goal.” “I’ll eliminate snacks and sweets after meals. “I’ll weigh myself daily to monitor my progress.”

Implementation: Putting the plan into action, picking a start date, following the plan, monitoring progress and making adjustments to reach the goal.
A Lot of Work!

Fortunately, ReduceYourWorkersComp.com has done all the work for employers who are serious about cutting workers’ compensation costs. RYWC provides a detailed Best Practices Assessment consisting of 81 questions covering 10 key WC areas — The National Workers’ Compensation Management ScoreTM and Action Plan. After taking the Assessment, you receive a Score ranking your company in the 10 key areas with Recommendations for improvement. (workersxzcompxzkit). You will know exactly what areas need improvement and how to go about it.

Even better, before purchasing the full Best Practices Assessment, you may take for free, The Workers’ Comp Best Practice Quick Check, a sample of the National Workers’ Compensation Management ScoreTM and Action Plan to learn your gaps and soft spots.

Start today. Visit http://www.workerscompkit.com/intro/ — take the quick check assessment and start reducing your company’s workers’ compensation costs.

Author: Robert Elliott, J.D.

Click on these links to try it for yourself.
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 before implementing any cost containment programs.