FOR WORKERS' COMP PROS ONLY
[FREE DOWNLOAD]
The 5 critical metrics to measure workers' comp success
The path to workers’ compensation mastery is proven and well worn. One of the most critical elements to understand where you are in the path, and how far you’ve come, is to measure your workers’ compensation program.
Learn the 5 critical metrics and the formulas to start cutting your Workers' Comp costs and improving injured worker outcomes:
Cost Per FTE - formula to create snapshot of incurred losses in relation to man hours
Sales to Pay for Accidents - formula to compare how profits are impacted by employees reporting their injuries sooner rather than later
Lag Time - tracking of how quickly, on average, employees report their injuries, which directly impacts cost per FTE
Return-to-Work Ratio - ratio of employees who return to work within 0-4 days following an injury, with a goal of > than 90%
Number of Employees Out of Work Right Now - daily documentation of employees currently missing work is simple yet powerful benchmark data point
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