The cost of on-the-job injuries can counteract every effort a company makes to maximize productivity, client service, and profits. The massive costs associated with these injury claims are an indication that companies are struggling to balance the need for a safe, productive work environment with the demand to increase efficiencies and improve profit margin. But as American industrialist Lee Iacocca once suggested, if you get the people part right, the rest will fall into place; on-the-job injuries will decrease, workers’ compensation costs will drop, and performance will peak.If $554 billion is hard to fathom, try $29,000…or thirty-five days. According to the National Safety Council, these are the average costs of an injury claim and the average number of days lost per work-related injury, respectively.
The value of returning injured workers to full duty quickly is immense. According to the American Medical Association’s Committee on Practice, early return to work enhances both psychological and physical recovery. To be more concrete, injured employees who are out of work for a period of time longer than six months have only a 50 percent chance of ever returning to their job; for those who spend more than a year away from work, the rate of return drops below 10 percent. According to a study by the Work Loss Data Institute, workers who get back to work within a few weeks of an injury cost a company, on average, $1,000 or less. When claims extend beyond 30 days, the cost rises to approximately $50,000. It simply pays to get employees back on the job quickly and safely.
However, as important as it is to return injured employees to work, it is more meaningful and cost effective to prevent injuries in the first place. This is where Proof:Positive’s safety and prevention services come in. Through safety seminars, worksite audits, management training, team building, work hardening, and drug testing, we actualize our objective. We make worksites safer, more efficient, and more profitable.
[…] reduce the potential for on-the-job-injuries for your employees, it is important that the principals defined are considered throughout their […]
[…] the capabilities of the human body. When these limitations are exceeded, the potential for an on-the-job-injury […]
[…] some activities or exercises that you should avoid, and you should know about them ahead of time. On-the-job-injuries also become more common as employees age. For preventative measures, keeping your muscles […]
[…] Each day U.S. workers suffer injury, disability, and death from workplace incidents. According to the CDC, private-sector workers experience 11,500 nonfatal work-related injuries/illnesses each day; more than half of these injuries/illnesses require job transfer, work restrictions, or time away from their jobs as a result. Among all workers – public and private sectors – 9,000 workers are treated in emergency departments each day, and approximately 200 of these workers are hospitalized. In 2004, this resulted in an estimated 3.4 million nonfatal injuries and illnesses among civilian workers that were serious enough to be treated in hospital emergency departments. The prior year those injuries cost businesses like yours $554 Billion. […]
[…] Workers compensation costs businessess over a half trillion dollars. You don’t have to accept your current levels of workers compensation claims or claim costs. Contact Proof:Positive today for a free initial consultation. Tags: on the job injuries, safety, safety awareness, training, workers compensation […]
[…] claims are one the biggest driving costs of workers compensation increases. Up to 25 percent of all fillings may have some form of fraud. There are many possible […]