Integrated programs help to reduce costs, increase employee satisfaction, reduce lost time, increase return to work percentages and decrease the length of disabilities.
One easy way to begin dialogue between the often separate disability and worker’s compensation divisions within an organization is to utilize your captive insurance company. Bringing these two lines of coverage together creates a smoother claim experience, a better tracking/reporting system, increased control, and establishes a basis for integrating processes and procedures.
There are many benefits to integration, including savings from frictional costs and lost time and return on investment.
When integrating these benefits using a captive, it is important to determine the readiness of your organization. It is also necessary to determine a targeted savings amount in order to measure the success of the program.
Karin Landry, managing partner of Spring Consulting Group, LLC, can provide expert knowledge of this process, including target and actual savings and recent employer trends. She has over 20 years of experience in the insurance, health care, risk financing and benefits industries, and is an internationally recognized leader in captive insurance strategy, benefits and financing.
About Spring Consulting Group:
Spring Consulting Group, LLC, based in Boston, provides strategic consulting services to Fortune 500 companies including financial services and insurance organizations throughout the world. In addition to advising these companies, the firm provides consulting services to employers on the use of captive insurance facilities for employee benefits. Spring assists clients in all phases of strategy assessment, development, and implementation.
The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
hr.com.
human resources management resources for hr professionals. |
HR menus
|
HR events
|
HR Sitemap