Rising workers’ compensation costs are among staffing firm owners’ greatest concerns, and—with double-digit rate increases becoming more common—controlling such costs is among their top priorities. An ASA committee has developed recommended best practices for reducing workers’ compensation costs.
These best practices cover several operational areas, including staffing firm operational philosophy; candidate screening, evaluation, and management; client selection, evaluation, and management; client contracts; injury prevention and protocols; claims management; modified duty or return-to-work programs; pricing methodology and financial metrics; classification codes; legal information; and relationships with insurance carriers, brokers, and risk management consultants.
ASA members can review the new best practices for reducing workers’ compensation costs at americanstaffing.net.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.