Before starting pre-hire/post-offer Physical Abilities Testing (PAT), several ErgoScience clients expressed concern about starting the program in the middle of their “busy” season. Or starting testing in a tight labor market. Others were concerned about the “slow down” it might create in their hiring process. We frequently hear concerns from organizations that need to hire quickly.
But when they looked at their total annual workers’ compensation expense and broke it down into a daily number, these companies quickly realized that to delay starting pre-hire PAT – for any reason – just didn’t make sense. Some were spending $5,000, $7,500, $10,000 per day or more!
Do you know your daily number? Have you done the calculations to know your annual cost for strains and sprains and slips trips and falls? (Yes, include slips, trips and falls if you test with ErgoScience. We include balance testing in our PAT which dramatically lowers the number of slips, trips and falls and their associated costs for our customer.)
Calculate a daily work comp expense number. If you don’t know the costs but know the number of lost-time injuries, just take that number and multiply it by $40k (the average cost of a lost time strain or fall) to determine the direct cost. And then multiply that number times 1.2 to get the indirect costs. Then add those 2 numbers together. Yes, the average total cost of a lost time injury is over $80K!
Then break your annual number down into monthly, weekly and daily costs. Chances are that when you do, you’ll be unpleasantly surprised with a number you’d rather not see. And a number you don’t have to see – if you start pre-hire PAT. ErgoScience case studies show that our clients reduce work comp costs among new hires by 50-70% within the first year of testing.
ErgoScience makes starting the testing painless.
Your Hiring Process Won’t Experience Delays
Your Fail Rate Won’t Stymie Your Operations
The bottom line? Chances are you’re spending more money every single day for work comp injuries than you need to be. How much new goods or services does your company have to sell to get that income back? For most, it’s millions of dollars of new sales. You really can’t afford to delay.