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R&R Insurance Blog

Three Ways to Increase Profit Using WellCompForLife

Posted by the knowledge brokers

WellCompForLifeTake control of the health and productivity of your employees - and increase profit. WellCompForLife is R&R Insurance Services’ total solutions approach to that will provide your company with the tools to increase the life span and productivity of your employees - and ultimately your bottom line!

The top three driving trends impacting an employer’s bottom line are Obesity, Workplace Injuries and the Aging Workforce.

Addressing These 3 Corporate Burdens to Increase Your Profit

1. Obesity - Yes, That Means Lose The Weight
Findings show that obese workers were more likely to report occupational injuries, with a great frequency of strains and sprains, along with falls and overexertion injuries. Consider these statistics: A comparison of obese employees to normal weight employees: 50% more workers’ compensation claims, 13x more lost work days, 7x higher medical costs, 11x indemnity claim costs. And this is just the workers compensation part. The negative effects of obese employees on your health insurance costs are overwhelming. Diabetes, heart disease, chronic pain - can all be attributed in part to being overweight. That means you have to do something about it - employee wellness programs, fitness, healthy eating, lifestyle changes for your employees and their families.

2. Reduce Workplace Injuries: Reduce the injuries to reduce the work comp claims!

  • Slip-and-fall injury prevention: ensure a safe working environment by maintaining parking lots and sidewalks; encourage employees to wear appropriate footwear for wet or slippery conditions. Make sure you have handrails at all stairwells and inclines/declines - special attention to this for your aging workforce.
  • Ensure employees can meet the physical requirements of the job: consider a post-offer, pre-employment physical for new employees – be sure the physician covers medical history as it may reveal something not seen during the physical (the cost of the test would pay for itself when preventing a back or shoulder claim!) Pay special attention to your aging workforce for their physical requirements.
  • Ergonomics enhancement: ask employees for suggestions on how their job can be tweaked to avoid fatigue or soreness; consider job rotation for repetitive tasks (also promotes cross-training!)
  • Wellness programs to aid injury prevention: help prevent strains, sprains, and falls by improving flexibility, strength, and balance. Great examples is starting a flex and stretch program, cover part of a gym membership, or hold exercise classes like yoga, Pilates, or Tai Chi.Also, having a structured return-to-work program has several benefits, the most important of which is the reduction of lost-time (lost-time has 3 times greater impact on your workers compensation premium dollars than a no-lost-time claim).

There are literally dozens of ways to increase safety and reduce injuries at your place of work. If they aren't apparent to you, bring a knowledgebroker in - we'll take a look around and give you some pointers.

3. Address the Aging Workforce
Experts predict that by the year 2020, 25% of the US workforce will be 55 years or older. Couple this statistic with the fact that most people are working past the traditional retirement age of 65 and organizations need to pay special attention to this sector of the workforce.

On average, older workers are injured less frequently than younger workers. However when older workers are injured, it will be more severe and have a longer recovery time. See Preventing Injuries in an Aging Workplace.

R&R Insurance has found that if businesses address the health of their employees, reduce their number of injuries and keep a close eye on ways to accommodate the aging workforce, you will see a significant positive effect on your bottom line! WellCompForLife processes will increase the health and longevity of your employees and their families giving you a lot more control over your health and work comp insurance costs, all while improving the productivity of their employees. This is control business owners don't realize they have. At R&R Insurance, we call this program WellCompForLife!

Join the WellCompForLife discussion on LinkedIn!

For more information about WellCompForLife, contact a knowledgebroker today!

Topics: Return to Work, Safety, Workers Compensation, Employee Benefits, Wellness, obese employees, lost work days, indemnity claim costs, Self Funded Health Insurance, WellCompForLife, wellness programs, Improve Employee Wellness, increase the health and longevity of your employee, Increasing Your Profit, lower Employee Health Risk, Business Insurance

Absence Management: Best Practices and Positive Outcomes

Posted by the knowledge brokers

Injury-at-Work.jpgThe causes of absenteeism are varied, and so is the impact on companies - from decreased productivity to a reduction in profit and morale.

Some employers are finding better ways to manage employee absence. Research shows a direct correlation between these five major employer practices and a better absence management program:

  1. A full return-to-work (RTW) program, starting with a written RTW policy and a list of alternative duties for light duty clearance.
  2. Referral process for employees to health management programs.
  3. A central leave-reporting system for STD and FMLA.
  4. Detailed reporting for disability and FMLA usage patterns, costs etc.
  5. Use the same resource for STD, FMLA and other benefit programs

7 Positive Outcomes of an Absence Management Program

  1. Enhanced productivity
  2. Reduction in lost-time claims
  3. Decreased overall absenteeism
  4. Direct cost reduction
  5. Better return-to-work ratios
  6. Lower workers compensation premiums
  7. Improved employee morale

Employers are recognizing the importance of managing absences, but most have a long way to go in managing their overall presenteeism program.

Implementing strategies to help workers stay healthy is critical to controlling costs. At R&R, we take wellness to a whole new level. Wellness programs will increase the health and longevity of employees and their families –which means that businesses can have a lot of control over their health insurance costs and the productivity of their employees – control that they don’t know they have. At R&R Insurance, we call this program WellCompForLife!

Join our upcoming Work Comp Seminar to learn more!

Topics: Return to Work, Workers Compensation, Employee Benefits, Wellness, Accident Investigation, presenteeism, std, FMLA, Absence Management Program, WellCompForLife, absence management, Business Insurance

The New Definition of Presenteeism

Posted by the knowledge brokers

HeadacheMore attention is being paid to Presenteeism than ever before. If you were to google Presenteeism, you'll get the long-standing definition: going to work while one is sick.

At R&R, we believe that Presenteeism is much more than that. We include anything that could hinder the employee from performing at their very best or maximum capacity. Of course being ill is top of the list, but here are a multitude of additional things that could cause presenteeism for your employees:

  • Diabetes
  • Arthritis
  • Allergies
  • Chronic Pain
  • Migraines
  • Stress
  • Caregiver concerns
  • Insomnia
  • Financial worries
  • Pre-occupation with health problems
  • Depression

Employers are now understanding that they can have an enormous positive effect for the quality of life of their employees through wellness and health benefits initiatives - which will rebound into more effective and productive employees and ultimately improve the bottom line.

At R&R, we take wellness to a whole new level. Wellness programs will increase the health and longevity of employees and their families –which means that businesses can have a lot control over their health insurance costs and the productivity of their employees – control that they don’t know they have. At R&R Insurance, we call this program WellCompForLife! Join the WellCompForLife discussion on LinkedIn!

For more information about WellCompForLife, about self-funding your health insurance plan, health care reform or basic employee benefits questions, contact knowledgebroker Laura Stehno.

Topics: Return to Work, Workers Compensation, Employee Benefits, Wellness, WellCompForLife

Structured Return-To-Work Programs Essential For Workers Compensation Program

Posted by Mike Geldreich

Having a structured return-to-work program has several benefits, the most important of which is the reduction of lost-time (lost-time has 3 times greater impact on your workers compensation premium dollars than a no-lost-time claim). Other benefits include having more control over the claim itself, better observation of the recovery process, and an overall better experience for the employee. As Mike Geldreich, Claims Management Specialist with R&R Insurance explains, an employer can benefit greatly by having a return-to-work program that lessens lost-time and gets the employee back to work as quickly as possible.

Return-to-work programs is just one of the topics of our information-packed morning dedicated to saving you money on your workers compensation premiums. Attend our next free Workers Compensation seminar to learn more about return-to-work programs and other aspects of workers compensation that can drastically reduce your overall workers compensation premium. More about what you'll learn...

R&R Insurance Services- Waukesha, WI
8:00am Registration and continental breakfast
8:30am-11:30am Program

Topics: Return to Work, Workers Compensation, Resource Center, workers comp, return-to-work programs, mike geldreich, Business Insurance