Workers' Comp Costs Explode as Economy Weakens

Workers’ compensation costs are soaring, and it may get worse.

According to the 2008 RIMS Benchmarking Survey, the cost per employee for employers with less than $1 billion in revenue rose 28.4% in 2007. Rising healthcare costs and a weak economy that inspires some workers facing layoffs to fake injuries are among the forces driving costs upward.

Employers fighting skyrocketing costs must take effective action now, says cost-control expert Rebecca Shafer, president of Amaxx Inc. “But employers are not helpless,” Shafer says. “They can cut their costs dramatically by taking a systematic approach to handling worker injuries and helping injured employees recover and get back on the job sooner.”

Shafer, who’s devoted her 25-year career to helping employers slash workers’ comp costs, has captured best practices in the online Workers’ Comp Kit. Now a new six-minute video reveals some of the cost-control secrets offered by the Kit.

“Doing a lot of little things, and a few big things, right makes an enormous difference—and employers that use these strategies and tactics have cut their costs by 20 percent to 50 percent,” she says. “The video provides a quick overview.”

View the video at http://www.reduceyourworkerscomp.com/workers-compensation-video.php

Also, visit www.ReduceYourWorkersComp.com, write Info@WorkersCompKit.com or call 860-553-6604.