Ask the CFO of any manufacturing business, transportation company, construction firm, or industrial company how to lower Workers' Comp insurance premiums and you'll get a handful of answers — most revolve around reviewing for open claims, fighting frivolous claims, cutting medical costs, and requiring worker drug testing.
What CFOs get wrong when trying to reduce Workers' Comp costs
September 9, 2021categories Workplace Injury Prevention, Work Safety Tips, Athletic Trainers in the Workplace, CFO Advice, Cut Workers Comp Costs, Reduce Workers Compensation Costs
How One Company Saved $252,000 in 60 Days
July 21, 2021
2020 Workplace Injury Statistics
According to the U.S. Bureau of Labor Statistics Employer-Reported Workplace Injuries & Illnesses report (published on Nov. 2020) the total injuries per 100 full-time workers remained unchanged at 2.8.
categories Workplace Injury Prevention, Workplace Injuries, Athletic Trainers in the Workplace, CFO Advice, Cut Workers Comp Costs
5 Unexpected Ways Companies Can Cut Expenses
July 14, 2021
A recent NetSuite article for CFOs — titled "5 Unexpected (and Painless) Ways to Cut Expenses" — contained an interesting survey, as well as useful advice, on how companies can conserve cash.
categories Virtual Injury Prevention, Workplace Injury Prevention, Workplace Injuries, CFO Advice
How CFOs Can Fight Manufacturing Employee Turnover
July 6, 2021
As an industrial CFO, you need to demonstrate operational prowess, a mindset towards growth, and strong fiscal leadership.
categories Work Safety Tips, CFO Advice, Improving Profit & Loss, Reduce Manufacturing Turnover
As the CFO, you're responsible for managing all the financial activities within your company. You are tasked with saving or mitigating costs where ever and wherever you are able but there may be an area being ignored that could prove extremely valuable.
categories Workplace Injuries, Manufacturing Safety Programs, Work Safety, CFO News, CFO Advice