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You are here: Home / Archives for Best Practices / Benchmarking

Benchmarking

FAQ: Best Practices Assessment Tool

September 19, 2012 By //  by Michael Stack

Who should complete this survey? The workers’ compensation project team should assemble to answer and discuss the questions. If the team is not yet assembled, one person can complete the survey initially; however, once the team is assembled the assessment should be repeated. What size company should use this assessment? Any size company can use …

Filed Under: Benchmarking

Workers’ Compensation Best Practice Profile Ranking

September 19, 2012 By //  by Michael Stack

The Best Practice Profile Ranking, a part of the National Workers’ Compensation Management Score™ assessment module, pinpoints problem areas for multi-locations companies. It shows management the biggest areas of opportunity. Gives executives a sense of what the problems are and how widespread they are. Identifies whether the problems are at 2 business units or 200 …

Filed Under: Benchmarking

National Workers’ Compensation Management Score™ Ranking

September 19, 2012 By //  by Michael Stack

The National Workers’ Compensation Management Score™ Ranking lets you rank all divisions or locations in your company from Best-to-Worst. Whether you have 2 or 200 locations, you will know where to focus your cost containment efforts. It is a corporate-wide needs assessment. Use the Best-to-Worst Score Ranking to: Focus cost containment efforts on the locations …

Filed Under: Benchmarking, National WC Score

Return to Work Ratio

September 19, 2012 By //  by Michael Stack

Use the Return to Work Ratio to see how effective your transitional duty program is. Are employees who are injured on the job returning to work within an appropriate time frame? Or, are they out on comp for weeks at a time? Use the Return To Work (RTW) Ratio to monitor how many employees are …

Filed Under: Benchmarking

Workers’ Compensation Best Practice Gap Analysis

September 19, 2012 By //  by Michael Stack

The Workers’ Compensation Best Practice Gap Analysis for Multiple-Site Employers identifies the biggest areas of opportunity by pinpointing problem areas. It is part of the National Workers’ Compensation Management Score™ assessment module for multiple-site employers. The Workers’ Comp Best Practice Gap Analysis identifies how wide spread implementation is for EACH best practice. For example. if …

Filed Under: Benchmarking

Benchmarking Report

September 19, 2012 By //  by Michael Stack

Benchmarking is another way to measure the success of your Workers' Comp Management Strategies. Use benchmarking to establish a baseline. Benchmarks help you determine how well your company is doing and how much you can save. Find out if your company's losses are higher or lower than the national average – this affects your approach …

Filed Under: Benchmarking

Recommendations for Improvement

September 19, 2012 By //  by Michael Stack

Get your National Workers’ Compensation Management Score™ by answering questions in ten key areas. Once you know your score, we help you develop an Improvement Plan to bring your costs down. Then, based on your assessment results, you can plan improvements to reduce your costs. Once you know your National Workers’ Compensation Management Score™, where do you …

Filed Under: Benchmarking

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