By Tara Crisp for AssuredPartners
Return-to-work (RTW) is a complex process and understanding it is a valuable tool in an employer’s belt. The process assists the employer with showing employees how they are valued by planning for alternative solutions that will benefit the injured worker financially and psychologically. Thoughtfully executed RTW programs will plan for worst-case scenarios that provide resources for managers to utilize while meeting the needs of the most restricted worker.
Return to work programs are one of the few tools that employers have to manage their experience modification factor. For employers that rely on their experience modification factor to secure and maintain contracts, this pre-planning can be invaluable. If you work in an experience rate adjustment state and can provide immediate return to work for your injured workers, your ability to manage costs associated with your workers’ compensation claims is increased by 70%! In order to take advantage of this discount, your injured worker cannot miss any time that results in wages being paid by the workers’ compensation carrier.
But the key to a successful RTW process is planning! There should be a concrete plan in place prior to an employee becoming injured.
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