Over the past decade the cost of workers’ compensation insurance has escalated to the near breaking point for many companies. Small and large corporations are burdened with paying out an ever-increasing portion of their yearly budget for workers’ compensation packages. The cost to provide workers’ compensation insurance has escalated because the cost of medical treatment has increased. The typical workers’ compensation claim will include multiple doctor's office visits, surgery, multiple pain medications, and physical and occupational therapy. Because of the increases in expenditures for workers’ compensation insurance, many companies, colleges, and even non-profits are searching for a way to contain the cost of complying with workers’ compensation requirements.
Various cost containment programs have been studied for over 20 years. Some of these have shown remarkable returns on investment over time. Groups such as The Steelcase Company, University of Michigan Health Research Center, Ford Motor Company, and Morgan Stanley Finance have reported returns of $2.50 - $8.00 for every dollar invested. Hundreds of companies internationally take advantage of in-house wellness programs to boost employee moral, reduce total lost work days by up to 50%, lessen the types of numbers of medical surgeries, and educate employees on aspects of self help and self care methods.
JET Enterprises has taken concepts and practices from the best of these programs from the last 20 years and developed a comprehensive ergonomic and wellness program that can be implemented to help control the growth of workers' compensation claims. In addition to the typical corporate health and safety program, the JET Industrial Wellness Program includes exercise programs to promote fitness, strength, range of motion, and prevention of musculoskeletal injuries, and nutrition intervention to promote healthy lifestyle, weight loss, and metabolic stress reduction. As part of the overall strategy, JET has developed educational materials and other information that may help reduce the risk of job-related injuries. Also, the comprehensive health and safety program includes accident investigations to help yield improvements in building infrastructure to reduce on-site accident risk factors.
Industrial wellness programs have proven themselves to be a viable part of a
small or large corporation in terms of their quality, longevity, and
usefulness to the growth and cost savings for the company.
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