Skyrocketing Workers' Compensation Costs Can Be Controlled
Article Abstract:
Costs in workers' compensation continue to rise, particularly for small and medium size companies. These costs are leading some companies to invest in self- insurance. To fund workers' compensation this way, a company must evaluate its ability to retain risks. Several steps can be taken to control workers' compensation costs. The claims process should be continually monitored to discourage false claims. Communication should be maintained between the employer, the employee and the insurance carrier. A company must achieve a balance between employee safety and company requirements. To do this, both the employer and employee must work together to reduce injuries and costs.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
Skyrocketing Workers' Compensation Costs Can Be Controlled: Part I
Article Abstract:
The cost of workers' compensation insurance premiums are increasing substantially. This is due to inflation and the Occupational Safety and Health Administration's (OSHA) efforts to control work-related diseases. Over the past three years these benefits have increased by more than 100 per cent. States are more liberal about granting benefits. Courts are awarding more compensation claims. It is possible for companies to control compensation costs in a variety of areas. Among these areas are hiring, safety, self-insurance and personnel rehabilitation.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
Employee Stock Ownership Plans Serve The Interest of Both Employer and Employee Part 1
Article Abstract:
An increasing number of employers are adopting employee stock ownership plans, recognizing its advantages for the employer as well as the employee. Some of those advantages are described, along with variations of the plan. The plan selected will depend on certain conditions in the company and company objectives. Some criteria in considering what plan is best are examined. A chart shows seven plans with advantages and disadvantages. Part two of the article deals with implementation of employee stock ownership plans.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Employee leasing's legal snares. Managing workers' compensation costs at Kelly Services. The budgeting games people play
- Abstracts: Psychometric testing - your questions answered. How to be innovative without giving away the bank: the 'affair' of Nick Leeson and Barings
- Abstracts: Save time, money, and taxes - lease your employees. Employee voice and employee retention. Jobs of the future
- Abstracts: Word Processing-Software Compiles Manuals. Courses in the Use of Software. Documentation Is as Important as the Software
- Abstracts: Selecting a payroll bureau. Harassment based on sex: Protecting social status in the context of gender hierarchy