Recruitment and workforce decisions are critical for businesses and shifting local and global economies make them even more significant. Identifying and retaining the right employees helps avoid major costs and frustration. In Australia, rising retirement ages and increased reliance on temporary workers are reshaping workforce dynamics. These long-term employment trends, recently highlighted by a leading journalist, are expected to continue influencing workers’ compensation.
We talk with businesses of all sizes across industries and many decide not to invest in pre-employment assessments or medicals before hiring employees.
We also regularly speak with businesses that end up paying significantly more due to the impacts from what at times are predictable workplace injuries and resulting workers compensation claims.
Need help making the right employment choices easier?
Businesses often seek ways to improve productivity and reduce absenteeism. Research also shows that Australian businesses with a successful work health program can experience up to 3 times higher productivity, lower sick leave and injuries, as well as better employee morale.
A recent paper commissioned by Safe Work Australia confirms businesses that invest in workplace safety receive cost and productivity benefits that provide a positive Return on Investment (ROI).
As WorkCover NSW plans to implement changes for medium to large businesses in 2015, including Employer Safety Incentive (ESI) and Return to Work Incentive (RTWI), the benefits can increase.
As the year draws to a close, ABILITY GROUP reminds all members and partners of the importance of completing renewals before 31 December. Timely renewal ensures uninterrupted access to our services, compliance with requirements, and continued enjoyment of exclusive benefits.
Workers’ compensation insurance is a critical safeguard for both employers and employees. It ensures that workplace injuries are covered, medical expenses are managed, and businesses remain compliant with legal requirements. Choosing the right insurer, however, can feel overwhelming. This guide breaks down the essential factors to consider so you can make an informed decision.
ABILITY GROUP specialise in supporting businesses of all sizes across industries and therefore has interactions with all key insurers/agents. Despite workers’ compensation being regulated insurance, not all workers’ compensation insurers are the same. ABILITY GROUP assist businesses in selecting the insurer best suited to their needs, circumstances and often secures additional valuable benefits.
