Editor's note: Greg S. Tardy, CPCU, ARM, isvice president & chief underwriting officer at KeyRisk.
Down from a recent peak of 9.6% in 2010, the Bureau of LaborStatistics (BLS) reported an unemployment rate of 6.2% as of July2014. As the unemployment rate decreases, new employees areentering the workplace and people are returning to work in newindustries. During this time of economic growth, it isimportant for employers to remember the fundamentals of hiring andunderstand the impact effective hiring practices can have on theirworkers compensation program and business.
Successful workers' compensation programs focus on accidentprevention. A commitment to accident prevention helps to protectemployees, increase productivity and ultimately manage the totalcost of an employer's workers compensation program.
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