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Tools and Trainings for Workers' Compensation Professionals

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How to Properly Classify Employees to Pay the Least Workers’ Comp Premium

2018-04-21 By //  by Michael Stack

Current Status
Not Enrolled
Price
$129.00
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Course
Materials

Course Description

The total cost of workers’ compensation is calculated as Payroll x Class rate X Experience Mod x Adjustments = Premium + Losses (loss sensitive program). A strong system of injury prevention and management is the major determining factor of the variance in total workers’ compensation costs between similar employers, however, mistakes in employee classification mean the employer is paying more than necessary.

This training session will cover:

Examples of immediate financial impact of proper employee classification
Common class code errors and opportunities
How and where to find payroll deductions in your state
The process to verify the accuracy of class codes in your organization
The biggest mistake companies make
Preparing for the workers’ comp premium audit

And more

WC Mastery Outline - How to Properly Classify Employees to Pay the Least Workers’ Comp Premium

Course Content

Expand All
Introduction
Lesson 1 – Find Quick Cost Savings From Correct Class Codes and Payroll Exclusions (11:28)
Section 1
Lesson 2 – Step 1: Find Your Payroll Deductions (14:52)
Lesson 3 – Avoid Overcharges From Independent Contractors (6:55)
Part 1 Quiz 1 Quiz
Expand
Lesson Content
Classify: Quiz Part 1
Section 2
Lesson 4 – Step 2: Eliminate Common Classification Errors By Understanding Simple Rules (11:40)
Lesson 5 – Step 3: Verify the Accuracy of Your Class Codes (9:43)
Part 2 Quiz 1 Quiz
Expand
Lesson Content
Classify: Quiz Part 2
Section 3
Lesson 6 – Step 4: The Nitty Gritty of Your Class Codes (4:51)
Lesson 7 – Putting Class Code Expertise Into Practice (4:40)
Part 3 Quiz 1 Quiz
Expand
Lesson Content
Classify: Quiz Part 3
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