Companies with more than one operating unit have a bigger challenge than most to get their arms around their workers’ comp problems. Given the georgraphical disparity and the cost of travel, plus the silos of different departments within a company, determining where the gaps are presents challenges for risk managers of decentralized companies. The Gap Analysis uses the best practices used in the 2009 RIMS Benchmark Survey as a metric. This year the 2009 RIMS Benchmark Survey included WC operating best practices, so you can compare your units to this official industry survey.
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When each operating unit takes the best practice assessment, the results are compiled into a Gap Analysis. This provides a summarized list of how many recommendations for improvement need to be incorporated into your workers’ comp training programs. This takes only one hour. Up until now this would have been impossible to accomplish or would have taken months for a consultant to interview many divisions then write a report and present the reports.
Author: Rebecca Shafer, J.D. Rebecca designs and develops workers’ compensation cost containment programs, and is the developer or Workers’ Comp Kit, an on-line automated tool kit with an assessment, benchmarking and improvement plan. Rebecca can be contacted at: 860-786-8286 and email: RShafer@ReduceYourWorkersComp.com. http://www.reduceyourworkerscomp.com/
http://www.reduceyourworkerscomp.com/workers-comp-books-manuals.php WC Calculator: www.reduceyourworkerscomp.com/calculator.php WC 101: www.ReduceYourWorkersComp.com/workers_comp.php Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker about workers’ comp issues.
FREE DOWNLOAD: “5 Critical Metrics To Measure Workers’ Comp Success”
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