Workers' compensation claims costs have more than tripled in the last ten years. The following money-saving tips can help you stabilize and even reduce your costs. If you haven't already, institute a workplace safety program. If you already have instituted a safety program, review your program to make sure it's effective. A safety program is the single most important step in controlling your workers' compensation costs.
Communication is the key to an effective safety program.
Employees need to know the rules and procedures for operating in and maintaining a safe and healthful workplace. They need to be trained when they are hired, when they change positions, when new equipment or chemicals are introduced into the workplace, and on a continuing basis. Studies show that activities reminding workers of safety needs help reduce workplace accidents. Consider including safety as a performance criteria in your performance reviews. Including a safety policy in your employee handbook is a good first step in your safety program.