It is no secret that the behavior that is rewarded is repeated. Its true in both business and life Creating a culture of safety is essential to keeping the cost of workers' compensation down to a minimum. Incentive Plans reward employees for a safe working environment and can be a key aspect of creating as few workplace injuries as possible. If employees know and understand that a bonus will be awarded for meeting certain goals they will respond by following the rules set forth by the safety committee. Some great examples of rewards are:
1) Paying a safety dividend at the end of each policy period to pass along saved workers' compensation costs to employees.
2) Having a drawing for an awesome piece of new technology like a PlayStation 5 after each month of operation with no employee injuries.
3) Rewarding employees when big goals are met from a safety standpoint. Giving a reward when a company reaches 365 continuous days with no injuries is an example. Another great example would be 10,000 or 100,000 working hours with no injuries.
We have created a free guide you can download to help better understand how to create a safety incentive plan. It is laid out step by step to make it simple and easy for any business to be able to implement.
The download is completely free and we will send it directly to your inbox. Our goal is to help you create a more safe environment. We also know that the cost of an employee injury is not just limited to the cost of insurance or the deductible. There are typically between 2 and 20 times the cost of the injury tied up in the soft costs of a worker's comp claim. Please Fill out the form and you will have the guide in minutes.