"Twenty-four-hour coverage": integration of workers' compensation and disability benefit management

Article Abstract:

A 24-hour coverage program which can be used in reducing workers' compensation and disability costs is presented. The procedure can also lower the wage replacement cost for lost work time, improve the quality of health care and reduce litigation costs of employers. The program is made up of various components such as the centralization of case management, direct contracting with health care providers, using a single database for workers' compensation and disability claims and the establishment of communication with injured workers while they are recuperating.

Insurance Mgmt-Workers Compensation, Compensation management, Disability insurance, Workers' compensation

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Reducing employee absenteeism through sick child day care

Article Abstract:

Companies that are seeking to reduce financial losses arising from unscheduled absenteeism may try initiating a sick child care program. Through these programs, working parents would not only be assured that their children would be given high-quality medical attention, but also provide employees a means of increasing productivity and loyalty. Unlike conventional child care programs, sick-child care initiatives provides better medical supervision and adhere to more stringent infection control measures.

Employee Benefits & Services, Business Personnel Management, Care and treatment, Services, Child care, Human resource management, Sick children, Human resource management )

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Increased popularity of stock options generates new ideas

Article Abstract:

Employers can now provide stock options in different creative means. However, employers should bear in mind that employee stock options should be in accordance with specific goals. Employee stock options include tax planning opportunities, voting control of optioned shares and assurances that employees benefit only from options if employer stocks appreciate faster than a predetermined index.

Stock Options, Executive compensation, Employee stock options, Incentive stock options

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