In 2004, The Victorian WorkCover Authority implemented changes in the way claim costs are calculated.

This saw the introduction of Statistical Case Estimates (SCE) which demanded a new approach in managing claims. P2 Group has supported organisations through this change, collaborating with employers to help them understand and control these Statistical Case Estimates.

People Performance Plans are unique financial reports that allow employers to budget and track the costs associated to workers’ compensation. P2 Group analyse employers claims costs and can accurately forecast realistic savings for employers. Our reports offer employers a baseline against industry.

P2 Group believes ‘you can manage what you can measure’. All organisations have budgets for stationary, office supplies, machine maintenance etc. However, many employers do not set strategic budgets and targets in relation to their Workers’ Compensation premium. Lowering your Workers’ Compensation premium is an opportunity to reduce labour costs which is often overlooked.

P2 Group support organisations to better understand and control their Workers’ Compensation costs.

Click here to contact a P2 Group consultant for further information.