An experience modification factor is the ratio of the costs of a company’s actual workers’ compensation claims compared to the expected costs for companies of similar size in the same industry. The number is highly significant to employers—lower is better—because the experience modification factor determines workers’ compensation premiums.
Tag: EHS management
Does your company’s safety culture tell a story that will have a happy ending, one where every one of your employees will go home safe? Storytelling can have a profound impact on your organizational culture, and it has the power to motivate employees to act and create positive change. We’re learning more in a Q&A […]
In order to convey the value of environment, health, and safety (EHS), you need to learn—and sometimes teach—the business languages you need to gain the attention of organizational leadership. Read the transcript of our recent EHS on Tap podcast episode where we talked about this subject with Pamala Bobbitt, Vice President of Product Marketing at […]
Now more than ever, there’s a need for departments within organizations—including Safety and Supply Chain—to reach outside of their operational silos and work together to meet shared goals. Collaborative relationships benefit everyone involved, helping to create a stronger safety culture across the entire organization and mitigate risks associated with the use of third-party contractors.
Ensuring compliance with federal or state occupational safety and health laws and regulations is only part of a workplace safety and health professional’s job. Often, safety managers also handle aspects of an employer’s workers’ compensation program. The two aspects of the job have different demands.