Combine Wellness with Risk Management to Help Curb Work Comp Costs
Jefferson City, Mo (WorkersCompensation.com) - Employers are always looking for ways to reduce business costs while improving productivity. One way to accomplish this is by including a wellness program in your employee benefits package. This type of program can be as simple or elaborate as you make it and the results will be good for you and your employees.
Wellness benefits can create a healthier workforce and reduce your workers compensation liability. Employees who are aware and in tune with their personal wellness are not only are more productive, but also tend to recover from injuries at a faster rate. The end result is that the healthier employee will return to work quicker, reducing work comp costs.
“Effective corporate wellness initiatives have shown to be successful in not only reducing the duration of lost-time workers compensation claims, but also in promoting healthy behaviors that potentially inhibit unsafe or inattentive workplace behavior," wrote the report's author, Michal Gnatek, Vice President at Lockton Cos. "Risk managers and claims professionals should be adding employee wellness to the available arsenal of weapons to combat increasing claims.” (SHRM, Dec 13, 2013)