Educate employees about the value of disability insurance — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Thirty percent of employees between the ages of 35 and 65 will become disabled for at least 90 days at least once during their working years. That costs organizations dearly in lost productivity; places a strain on the healthy work force to produce more to make up for the absence of the disabled employee; and decreases the morale of the healthy work force.

It also means you can count on a steady stream of short-term disability (STD) insurance claims. Do you know how much those claims cost your organization? Almost half of employers do not.

The reason. Most organizations treat disability as a payroll practice, making it difficult to determine costs. Yet those costs could be as high as 15 percent of your organization’s payroll, estimates the International Society of Certified Employee Benefits Specialists (ISCEBS). And the Social Security Administration predicts a 37 percent increase in disability insurance claims as the wo...(register to read more)

To read the rest of this article you must first register with your email address.

Email Address:

{ 1 comment… read it below or add one }

Mike fruchey November 19, 2011 at 1:31 pm

Read this


Leave a Comment

Previous post:

Next post: