Workers compensation is typically one of the largest costs for a business. If not actively monitored/managed your premium can increase quickly. Embedding HR, WHS & staff well-being strategies in your workplace can help ensure affordable premiums.
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Workplace bullying, a persistent pattern of mistreatment causing physical or emotional harm, is a major driver of employee absence.
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The State Insurance Regulatory Authority (SIRA) have commissioned an independent review of the performance and compliance of the NSW Workers Compensation Nominal Insurer - icare.
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Workers' compensation in New South Wales (NSW) has traditionally focused on physical injuries. However, psychological injury claims have doubled in the past six years, reflecting greater awareness of mental health and workplace stress. This has led to a sharp increase in medical and psychological payments, placing pressure on the NSW Nominal Insurer (icare) and the businesses that fund the scheme.
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Compliance Monitoring Audits conducted by Fair Work Ombudsman in NSW, Victoria & Queensland has recovered more than $580,000 in unpaid wages following a number of audits that uncovered employer's non-compliance with Australia's workplace laws.
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Early intervention practices can foster a happy & healthy workplace. Responding early to incidents or situations, can help prevent workers from becoming ill, taking long-term sick leave or submitting a workers compensation claim. Policies & procedures also play an important role.