Considering all the costs your staffing agency clients have to deal with regularly, adding workers’ compensation costs to the mix can increase their stress. It’s crucial to find ways to save money on workers’ comp for staffing agencies, which financially compensates employees following workplace injuries or illnesses. The 10 tactics below can help clients implement better hiring practices and reduce costs.
1. Screening Process and Workers’ Comp for Staffing Agencies
Early in the hiring process, clients should have candidates undergo a lengthy screening process evaluating work histories and safety records to gauge the risk of workplace injuries.
2. Pre-Employment Testing
Drug tests and physical assessments are essential when your client critically evaluates a potential employee’s risk for staffing agency insurance issues. If a job has specific requirements, clients need to add testing for these skills and abilities.
3. Safety Training Programs
Potential employees should have a clear understanding of training programs and the company’s culture of safety. Picking concrete goals and consulting with experts are two tips for tailoring programs when addressing job-specific hazards related to workers’ comp for staffing agencies.
4. Job Descriptions and Expectations
Clear and detailed job descriptions can help reduce the potential for accidents and clarify responsibilities and expectations. Your clients must communicate job-related risks to individuals before they join the company so they do not unknowingly put themselves in harm’s way.
5. Background Checks
Background checks for potential hires can reveal any red flags from previous fraudulent workers’ compensation claims or accidents. Clients must verify candidates’ references and credentials for legitimacy.
6. Referral Programs
Creating employee referral programs is an important step in finding new hires who already fit the company culture. Offering incentives for current employees to refer potentially good fits for jobs can also reduce risks related to workers’ comp for staffing agencies.
7. Collaboration with Risk Management
Clients can collaborate closely with risk management teams to help detect hiring practices that are beneficial to reducing workers’ comp claims. Crafting long-term strategies to reach this staffing company insurance goal is essential.
8. Feedback
Asking for feedback from employees allows clients to incentivize safe behavior. Knowing employees’ most dangerous common patterns gives clients a way to fix any issues that often arise.
9. Performance Reviews
Adding a category for safety performance to employee performance reviews helps protect the company. Coaching employees who score lower is a key part of addressing safety concerns.
10. Data and Analytics
Clients can prevent future workers’ comp issues by using data to evaluate trends, allocating resources effectively, and creating better hiring practices.
Use Tools When Dealing With Workers’ Comp for Staffing Agencies
By discussing data analyses, safety programs, testing, and more, you can help your clients improve hiring practices and prevent potential problems with workers’ comp for staffing agencies. Contact us for more information about coverage and policies.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and are committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.