Empower Your Workforce to Perform Better

The key to the success of the business is directly associated with the well-being of its employees. Healthier employees are happier employees who will work more efficiently than dissatisfied employees. Looking out for your employees create a sense of belongingness. This makes them feel heard and understood.

Workers Compensation Insurance

Worker’s compensation insurance is a kind of insurance which covers wage replacements and the costs of medical benefits to employees injured in the course of employment. This insurance policy insures the employees for any illnesses or injuries that arise out of their job. Injured employees are entitled to receive a certain part of their wages while they are off work for treatment. Employees can recover lost wages, medical expenses, disability payments, and costs associated with rehabilitation and retraining.

Eligibility for Workers Compensation

  • Organisations with a minimum of 20 employees must have workmen compensation insurance
  • Your employees are not covered under ESI or group personal accidental (GPA) cover

Almost any illness or injury qualifies for Workers Compensation as long as it is job-related. It can be an accident that occurred while travelling for work, straining of the back, slipping on the floor or exposure to toxic fumes in a factory.  Mental illnesses can also be covered by workers compensation. However, workers compensation can be denied too if the injury was self-inflicted; the employee was violating a law or company policy or if the employee was not on the job at the time of the incident.

Benefits of Workers Compensation Insurance

1. Payment for medical treatment and expenses

This includes initial emergency care, treatment for the illness/injury and transportation costs.

2. Payment for time off work for recovery

This benefit covers 66.67% of a worker’s average weekly earnings and does not usually last more than 2 years.

3. Vocational rehabilitation expenses

 If a worker gets hurt while working at a site and is unable to continue that work due that injury/ loss, then this insurance will cover the cost of retraining or re-education.

How to Empower Your Workforce?

1. Employee trust must be earned

It is important to be open and honest in ways that will impact them, to create a sense of trust among your employees. Effective communication and securing their rights would keep them motivated to perform well. Workers Compensation provides such assurance to the employees by safeguarding any mishaps during work.

2. Tell them your name, not your title

Let your people know that you are a human, i.e.  person first. And that they can rely on you for any matter whether professional/personal. Get to know your employees individually rather than just building an employer-employee relationship.

3. Know your employees’ priorities

The most overlooked part of building trust is to inquire. To know what is of most importance to your workers. Acknowledging and acting upon their priorities would help engage them more deeply.

4. Be respectful to each other

Respectful recognition of every employee would increase trust among them. The leader should encourage respectful behaviour and practice transparency.

5. Creating a fear-free environment

The fear of failure will lead to employees being under huge pressure to perform in every situation. This can lead to stress-related issues and even depression in some cases.

6. Build people up

Your employee’s personal life also matters. Bad times at home can influence their work. Ideal managers would support their workers through rough patches and try to understand them.

It is possible to motivate your employees beyond money by providing them with the benefits offered through Workers Compensation. Insurance makes the employees rest their trust in the firm. Workers Compensation is an indispensable part of any business and benefits both the employer and the employee.

By Punit