Employee Absence and Disability Productivity Management

Disability Insurance

Author: The Standard
Published: 2011/12/02 - Updated: 2021/01/25
Contents: Summary - Introduction - Main - Related

Synopsis: The Workplace Possibilities program is a unique, proactive approach to helping employers prevent and manage employee absence and disability. The Workplace Possibilities program proactively brings these practices together to significantly reduce the duration, cost and impact of employee absence and disability. Though employers have used individual methods to address each of these challenges, uniting three key practices into one cohesive approach is the answer...

Introduction

Standard Insurance Company ("The Standard") has announced the release of a white paper, titled The Future of Absence and Disability Management, that addresses three major employee absence and productivity challenges faced by employers. Employers will learn how to address and solve these issues by integrating three key practices that change the way they manage absence and disability in the workplace.

Main Digest

Disability Insurance (DI), or disability income insurance, is a form of insurance that insures the beneficiary's earned income against the risk that a disability will make working uncomfortable (as with psychological disorders), painful (as with back pain), or impossible (as with coma). It includes paid sick leave, short-term disability benefits, and long-term disability benefits.

The three employer challenges the white paper addresses are:

"Though employers have used individual methods to address each of these challenges, uniting three key practices into one cohesive approach is the answer," said Michael Klachefsky, National Practice Leader, Workplace Possibilities for The Standard and author of the white paper. "The Workplace Possibilities program proactively brings these practices together to significantly reduce the duration, cost and impact of employee absence and disability."

The three practices that function together in the health and productivity management model include:

Through The Standard's holistic system, Workplace Possibilities helps reduce the average duration of, and hard-dollar costs associated with, short-term disability. In 2010, Workplace Possibilities saved employers participating in the program close to $1.7 million (The Standard internal data, 2011).

To download The Future of Absence and Disability Management white paper or to learn more about The Standard's Workplace Possibilities program, visit: workplacepossibilities.com/whitepaper

Workplace Possibilities Program

The Workplace Possibilities program is a unique, proactive approach to helping employers prevent and manage employee absence and disability. An on-site consultant helps to connect employees with their health management programs and identifies opportunities to keep at-risk employees on the job or return to work faster.

The program delivers rapid and measurable reductions in absence- and disability-related costs while also improving the efficiency of the HR team and increasing employee satisfaction.

For tips and tools HR professionals can use to help re-imagine the way they manage absence and disability, visit: www.workplacepossibilities.com

1 The Impact of Employer Health and Productivity Management Practices, Integrated Benefits Institute (July 2010).

Employee Disability, Absenteeism and Productivity Issues : New survey says supervisors and managers are poorly equipped to deal with employee disability absenteeism and productivity issues.

Attribution/Source(s):

This quality-reviewed publication was selected for publishing by the editors of Disabled World due to its significant relevance to the disability community. Originally authored by The Standard, and published on 2011/12/02 (Edit Update: 2021/01/25), the content may have been edited for style, clarity, or brevity. For further details or clarifications, The Standard can be contacted at standard.com. NOTE: Disabled World does not provide any warranties or endorsements related to this article.

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Cite This Page (APA): The Standard. (2011, December 2 - Last revised: 2021, January 25). Employee Absence and Disability Productivity Management. Disabled World. Retrieved July 23, 2024 from www.disabled-world.com/disability/insurance/absence.php

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