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Workers compensation


Workers’ compensation is a form of insurance that provides compensation medical care for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence.


KPIs in ‘Workers compensation’

Policy Premium to Personnel Cost

Month end total policy premium divided by total personnel cost (salaries, variable pay, benefits, training, recruitment, FBT, etc.)
This KPI is most used for:
Cost Leadership

In Force Policies to Headcount

Number of in force policies at month end divided by total headcount (including all permanent full and part time employees, contractors, casuals but excluding parental ...
This KPI is most used for:
Cost Leadership

Average cost per workers compensation claim

Average cost per workers compensation claim.

Listed in:
Tags:
This KPI is most used for:
Cost Leadership

Average medical cost per lost time claim

Average medical cost per lost time claim.

Listed in:
Tags:
This KPI is most used for:
Cost Leadership
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