Keys to Developing Safety Incentive Programs that Reduce Workers' Compensation Claims

HR Resource
October 23, 2012 — 1,988 views  
Become a Bronze Member for monthly eNewsletter, articles, and white papers.

Keys to Developing Safety Incentive Programs that Reduce Workers' Compensation Claims

Any business, large or small, can introduce safety incentive programs to reduce injury and worker's comp claims. These programs offer an interactive and engaging experience that excite employees and reduce the amount of accidents in the workplace.

How Do Safety Incentives Work?

Many businesses forego safety incentives and rely solely on staid safety meetings. These meetings dispense information, but they don't adequately inspire passion or excitement in employees to create a safer work environment. Safety incentives inspire by introducing a rewards system based on how well employees identify and correct workspace hazards. These incentive programs are extremely beneficial as supplemental programs introduced into an extensive safety program.

Incentives are motivation, and they reduce costs rather than increase them. The amount of money a business spends on rewards for safety pale in comparison to the amount a business spends on workers' comp claims and increased insurance costs due to workplace injuries. Safety incentive program costs can be controlled. There are no unforeseen costs when offering incentives. The business owner or workers' comp manager know exactly what the rewards cost.

Developing Safety Incentive Programs That Work

Developing safety incentives encourages team building and team interactivity. Rewards can be offered to individuals or groups, but a business benefits best from inspiring groups. This way, employees will be inspired to keep a vigilant eye on one another. Businesses see workers' comp claims increasingly diminished once teams are formed and accidents slow because employees are taking care of each other. Establishing teams also ensures that workers who are inclined to let quality slip by every now-and-then are managed by their peers and less likely to be lazy when their actions affect their co-workers. Focus on problem areas to start with and reward heavily to encourage safety. With incentives, businesses reduce costs overall.

Money or high-tech gadgets are good stimulators in and of themselves, but think of inspiring workers with meaningful or important rewards as well. Titles, raises, meaningful gifts, end-of-year banquets, or raises all do well to incentivize. This endears workers to the company and helps to push employees to work harder for the employer.

Remember, the main goal of these programs is to reduce injuries, worker's comp claims, and loss of product through accidents in the workplace. Developing safety incentive programs is easy and affordable for every business. These programs take extra work, but the benefits are worth the effort.

 

HR Resource