Monday, November 5, 2012

The Numbers of RTW

Decision-makers want facts.  They want numbers.  While numbers cannot tell us everything, they can certainly provide valuable information.

Here are some numbers to help put the costs and figures associated with RTW and WC claims into perspective. 

1,191,100 the number of non-fatal occupational injuries/illnesses in the U.S. in 2010

50% the likelihood of an injured worker returning to work after 8 weeks away from work

34%  the percentage of Waste Management employees who felt that they could have returned to work sooner than their full duty release (but didn't since their doctors kept them off work)

15% the likelihood of RTW after 6 months away from work

3 the number of years a claim will impact an employer's experience modification factor (impacting the premium calculation)

I've never seen (or counted) a million of anything, but I do know what a 50% probability looks like.  Simply flip a coin (repeatedly).  Most people are familiar with the duration of three years.  Take the following numbers and ask yourself how they are impacting workers, insurance costs and the future of your business.

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