Managing the Workplace Compensation System
Workplace injuries may be prevalent in certain industries but no organization is truly exempt and studies show Canadian employers are battling a widespread, increasingly expensive, epidemic.
According to the Association of Workers’ Compensation Boards of Canada, the direct and indirect costs associated with workplace injuries and illnesses add up to a staggering $19 billion every year – just $1 billion less than the Canadian military’s entire 2015 budget.
That eye-watering figure is the result of almost a quarter of a million lost-time injuries occurring every year and while it’s fair to say some fields face more obvious safety concerns than others, almost every workplace will experience an employee injury at some point or another.
However, a recent study by the AWCBC revealed exactly which industries are most at-risk. The top ten areas in which lost time injuries occur are:
Health and social service
Transportation and storage
Communications and utilities
The AWCBC study also showed just who these unfortunate injuries are happening to – with approximately 151,600 men injured and 90,200 women.
The investigation also separated those afflicted by age:
- Age 15-25: 30,380 injuries
- Age 25-34: 50,761 injuries
- Age 35-44: 53,062 injuries
- Age 45-54: 63,417 injuries
- Age 55-64: 38,137 injuries
- Age 65+: 6,015 injuries
With every age and every industry affected to some degree, HRM asked an industry expert about the most common mistakes employers make when it comes to handling workplace injury claims.
“Organizations often underestimate its importance by devaluing the complexity and granularity of managing a workplace injury,” warns Isthmus Legal
cofounder Neil Sharma.
“The financial implication of improperly managing a workplace injury claim is also often ignored,” he adds. “The reality is that the cost of improperly managing a workplace injury can be punitive both financially and operationally – and it can seriously affect the business decisions of an organization.”
So what’s his advice? First, commit fully to a culture of health and safety.
“This will raise the awareness and importance of workplace injuries right across the entire organization,” he stresses. “Then, and only then will you begin to truly begin the process of properly managing workplace injuries.”
Isthmus Legal is a Canadian law firm and consultancy that specializes in workplace injury claims management. Isthmus Legal is a partner and representative of employers, providing an ongoing, integrated and complete workplace injury claims management solution.
Isthmus Legal offers legal and consultative services in the form of the Integrated Advocacy Program (IAP), which bridges the gap between legal services and consultative services, while maintaining the highest legal standards and cost efficiencies of a consultative approach.
With extensive experience in workplace injury claims management and legal services, Isthmus Legal has been successful at demystifying the workplace compensation system and creating absolute claims management peace of mind for their clients, such that they can feel confident and secure that the management of their workplace injury claims are being handled with precision, competency and speed in order to maximize operational efficiency. Isthmus Legal provides its clients with successful management of workplace injuries by advocating tirelessly on behalf of the client's interests, providing them with a voice and a total solution to their workplace injury claim issues, while mitigating claim costs.