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Workers' Compensation

Managing exposure and easing an employer’s burden

Workers’ compensation is a cost burden for most employers. With specialized attention, however, savings may be generated by either seeking historical cost relief or by proactively managing the complex disability management process.

The issues
In the past several years, many provincial governments have rewritten legislation, restructured their processes and placed an increased burden on employers to manage workers’ compensation programs. To limit their exposure, employers must be aware of and manage such issues as:

  • experience plan rebates and surcharges
  • re-classification issues as a result of business activity or technology changes
  • future legislative and regulatory changes
  • limiting corporate liability exposure

Your challenges
Today’s competitive business environment is characterized by increasing budgetary constraints. Internal managers are being asked to do more with fewer resources, while at the same time, legislation has placed many statutory duties on these managers. The legislators are hiring auditors and investigators to insure compliance and to assess fines/ penalties. The costs of increased complexity in a rapidly changing environment present unique challenges to today’s employer.

The Deloitte solution
Deloitte’s professionals bring their specialized skills and customized programs to fit your specific requirements in all workers’ compensation areas:

  • compliance review and assessment
  • rate classification, revenue and claims management
  • cost containment strategies, specifically designed to reduce the length of disability
  • program development, training and implementation
  • appeal representation
  • Workwell Audits and Health & Safety programs
  • historical cost recovery

The Deloitte advantage
Deloitte is truly unique in offering a full range of services and solutions.

Our dedicated and specialized team consists of not only tax professionals, but also lawyers, government auditors, accounts payable and Workers' Compensation Specialists, former customs brokers and controllers from a wide range of industries. Each specializes in helping companies manage areas of complex domestic and international transactions and has the experience to comprehensively investigate all applicable issues.

This approach, combined with the latest in technology tools and the backing of our multi-disciplinary Deloitte global network, provides full support to our valued clients wherever they do business.

 
The Deloitte process

Phase 1: Review

  • compliance review
  • risk assessment and exposure report
  • industry benchmark report
  • identify overpayments
  • GAP analysis

Phase 2: Implementation

  • customized ESRTW Plans
  • cost saving strategy
  • train / educate managers and staff
  • liaison with the Board
  • management reporting

Phase 3: Support

  • outsourced program management
  • compliance update
  • value-added services
  • continuing contact