Items Tagged ‘compensation’

Reduce your WorkCover Premium

Sunday, September 11th, 2011

You would have recently received your 2011/12 Workers’ Compensation Premium Statement from your WorkCover Insurance Agent. WorkCover is typically the second largest labour cost for organisations and needs strategic management at the Executive level.

Many organisations fail to realise that their WorkCover Premium is a variable insurance cost that can be reduced below their industry rate.  Just one workplace injury can impact on your WorkSafe premium and cause a significant increase.

As reported on the WorkSafe Victoria Website, for the calculation of 2011/12 premiums, claims reported between 1 January 2008 and 31 December 2010 are used to determine your experience. This period is referred to as the “Claims Reporting Period”. Claims reported after 31 December 2010 have not been used in the premium calculation for 2011/12. However, these claims will form part of your experience and consequently affect your premium in the future.

P2 Group customers, please send a copy of your Worker’s compensation premium renewal to our office by fax (03) 9818 8916 or email  james.kydas@p2group.com.au for our records.  If you are a client of P2 Group, we will assess if you achieved your worker’s compensation forecast. If you are not a client of P2 Group, we welcome you to send your bill for an independent and confidential review.

Please do not hesitate to contact James Kydas or Paul Marsh at P2 Group (03) 9818 8914 if you have any queries or require assistance with this matter.

Please also confirm if all your active workplaces are registered on your WorkCover policy and inform us if any worksites were registered or ceased this financial year.

Our mission remains clear – by providing unsurpassed return for your investment and supplying independent expert advice, P2 Group aim to be the first choice WorkCover consultants.

P2 Group Ageing Workforce Seminar a Huge Success

Sunday, May 15th, 2011

P2 Group recently had the pleasure of hosting a seminar titled ‘Reinvest WorkCover Savings to Manage your Ageing Workforce’. The seminar presenters included Professor Juhani Ilmarinen, Finnish Institute of Occupational Health, Louise Rolland, Ernst & Young Advisory Services and Paul Marsh, Director, Occupational Therapist and Ergonomist, P2 Group.  We have uploaded some of the seminar content to our website.

Part 1 – Juhani Ilmarinen – An Introduction to the Work Ability Concept

Part 2 – Paul Marsh – The Ageing Workforce and Workers’ Compensation

Part 3 – Louise Rolland – Work Ability in the Australian Context

Seminar Overview
Ageing workforce management and workers’ compensation are linked, due to the risk of injuries and claims rising with age. Self managing workers’ compensation can lead to bottom line savings through reduced premium costs, which can be reinvested into managing your mature workforce. This will ensure your workers’ compensation costs remain low and staff welfare remains high.  Demands to prolong working life and increase productivity are under discussion in Australian policy; hence designing for an ageing workforce is a critical workplace issue. Millions of dollars have been wasted by employers over the years as a result of not sustaining the performance of their people once they begin working, despite the impact that people have on efficiency.

Rather than considering people as assets to be preserved, often they are, in effect, treated as liabilities – frequently being replaced with business critical knowledge and skills for no reason other than length of service.

Work Ability, which is the balance between work demands and personal resources, has underpinned the framework for Finnish Institute of Occupational Health services for close to three decades. Maintaining and improving Work Ability has been used as a way of solving the problems associated with an ageing workforce.

This seminar outlined how the Work Ability Index (WAI) can be applied in Australian workplaces to promote productivity in an ageing workforce and maintain quality of working life. The WAI provides a basis for measuring the changes individuals undergo in their life course with age as well as changes in work demands.

About the Presenters
Professor Juhani Ilmarinen is well known and highly regarded both in Finland and worldwide for his research, development and pioneering in ageing and the quality of working life. Under Juhani’s leadership the Work Ability concept and method called Work Ability Index (WAI) was developed at the Finnish Institute of Occupational Health (FIOH). He is the chair of Ageing committee of the International Ergonomics Association (IEA) and Secretary of Ageing and Work Scientific Committee of The International Commission on Occupational Health (ICOH).

After retirement from the Finnish Institute of Occupational Health (FIOH) in the beginning of 2009, after 35 years of service, Professor Juhani Ilmarinen established JIC Ltd. The on-going mission of the company worldwide is to implement an evidence-based model for work ability and to promote the status of all generations with respect to the concepts of age management, work ability, and the life course.

Professor Ilmarinen has more than 500 publications on occupational health, work physiology, work ability, and ageing. He has published 8 books, e.g., a handbook on age management called Towards a Longer Work Life in 2006. In November 2008, the First National Prize for Innovative Practices in Employment and Social Policy was awarded to Professor Ilmarinen.

Louise Rolland – Ernst & Young Advisory Services, has spent the last 10 years investigating the impacts of labour market trends including, demographic change and globalising labour markets on Australian business. Before joining Ernst & Young, Louise established and led the Business Work & Ageing (BWA) Centre for Research at Swinburne University of Technology and the broader business services, public policy and advocacy work of BWA. In the position of Professor, Work & Ageing, she led national and international research projects and worked closely with a number of firms both in Australia and internationally on demographic challenges.

With a robust understanding and experience of workforce planning and talent management Louise has worked closely with government and the private sector to apply diagnostic and strategic approaches to complex workforce challenges. She has recently led workforce diagnostic projects for the Departments of Defence, BHP Billiton and the banking sector.

Paul Marsh is a Director of P2 Group, Senior Occupational Therapist and Ergonomist. He has over 10 years experience in providing injury management, injury prevention (including early intervention), ergonomic assessments and training, case management, functional capacity evaluations, workplace assessments, manual handling assessments and training and defining inherent requirements of tasks. Paul’s professional experience and interests include workplace rehabilitation with a particular emphasis on Injury Prevention and Early Intervention. He has particular expertise in resolving complex high-costing cases.

Paul has a Bachelor of Occupational Therapy, is a member of the Australian Association of Occupational Therapists and Human Factors and Ergonomics Society of Australia. Paul is currently convening the Occupational Rehabilitation Specialist Interest Group, through OT Australia (Victoria). Paul recently worked with Professor Juhani Ilmarinen during the 6th International Course in Age management in Finland.

Contact P2 Group on (03) 9818 8914 for more information.

Contacting Treating Practitioners – 92% Success

Sunday, February 21st, 2010

During a recent WorkSafe seminar on ‘Improving Return to Work culture within an organisation’, it became clear that a common frustration identified and expressed by numerous participants was their difficulties in contacting a worker’s treating practitioner to assist the Return to Work process. A guest speaker at the seminar, an Independent Medical Consultant for a Victorian WorkCover agent, advised that his strike rate in contacting treating practitioners was 30%, albeit his involvement was typically with complex type cases.

Upon returning to the P2 Group office, I decided to calculate P2 Group’s strike rate in contacting treating practitioners after performing a Functional Capacity Evaluation with a worker. A Functional Capacity Evaluation is an assessment conducted by a P2 Group Occupational Therapist, to determine a worker’s physical and mental health capacity to participate in an offer of suitable employment. Even though a significant number of the workers’ compensation claims we manage are complex long term claims from new clients our strike rate in contacting a worker’s treating practitioner after a Functional Capacity Evaluation is a pleasing 92%.

P2 Group has found the vast majority of treating practitioners will discuss a worker’s assessment results and actively engage with and support a P2 Group Occupational Therapist’s recommendations to facilitate a supportive return to work based upon the results of a Functional Capacity Evaluation.

If you are experiencing difficulty in speaking to the treating practitioners of your workers, contact a P2 Group Occupational Therapist today. It’s simple and provides you with greater input and control of your workers’ compensation claims. Our results speak for themselves.

Fraser Moore

P2 Group Occupational Therapist

Can You Afford To Wait?

Thursday, July 30th, 2009

Our clients saved an average 50% on their WorkCover premiums in the first year working with P2 Group.

P2 Group works with an organisations’ executive team to implement a self insurance approach to tackling their injury management and the associated claims costs.  Our unique approach results in the employer taking internal control of their injury management and in turn significantly reducing their WorkCover premium.  We put you in control of your WorkCover, to save you money and time.

Our People Performance Plans are financial reports that measure and forecast an organisation’s claims costs. They provide employers with a tangible quantitative report that allows them to measure and control their Workers Cover premium.  Click here for further information on People Performance Plans.

P2 Group was engaged by the Chief Financial Officer of CMG, a medium size Victorian employer. P2 Group has worked side by side with CMG, since 2003. CMG has gained control of their WorkCover claims and has achieved substantial cumulative savings.  To view a testimonial from the CMG Chief Financial Officer, Rick Blanck, along with a range of other success stories, please click here.

To determine if you are in control of your injury management, please click here to complete our WorkCover Health Check.

Please click here to view the full range services we provide employers to assist them in taking control of their WorkCover.

A Challenging operating environment….

Monday, April 21st, 2008

Employers are facing an increasingly challenging operating environment, with:

  • Workers more likely to consider lodging workers’ compensation claims, due to Work Choices reforms limiting access to unfair dismissal claims
  • Occupational Health & Safety regulations requiring all managers to consult with their workers regarding aspects of OHS and organisational change
  • New WorkCover changes introducing complexity through statistical case estimates, which demand a new approach to managing claims and the need for employers to take control
  • Older workers viewing workers’ compensation as a means to addressing Superannuation short falls.