The Future of Workers’ Comp Is NOW – Fundamental Changes in The Workplace and a Discussion About What Lies Ahead
- David Stills – Senior VP, Carrier & Risk Practice, Sedgwick
- Marc Salm – VP Risk Management, Publix
- Negar Matian – Attorney, Matian Law Group
- Suzy Braden – Director Workers’ Compensation Claims, Encompass Health
Conflicting Challenges
The pandemic left a sour taste all over the industry. Now, years later, more companies have migrated back into a “traditional work schedule.” But even years later, some organizations struggle to make the transition.
For many adjusters, this was hardly ever the case. The hands-on experience in the field wasn’t the same. On one hand, employers have a common skepticism about employee productivity when not in the office. When employees work remotely, it’s difficult to build a connection with stakeholders, provide effective training, and reinforce engagement.
While many tools help aid collaboration and communication, it is no replacement for true human contact. Now, that can be easier said than done. Today’s workforce is vastly different than what we were accustomed to years ago. With more people in multiple locations, the challenge comes with adapting to new territories, policies, and job functions. Fortunately, we are trending towards a more flexible and versatile age.
Does Location Matter?
Not every work structure is exactly the same. There’s no uniform system for any two workforces. Some companies require in-person attendance, where as others continue with remote assignments. Many organizations often go with a healthy medium, adapting to a flexible or hybrid schedule.
The truth is, there really is no perfect solution. What’s most important is being able to analyze and tend to responsibilities. Ultimately, the bottom line is we are working towards the best possible outcome. Whether it’s to support patients, reduce litigation, or settle a claim, an employee’s location should not dictate the results of a key objective.
Shifting Statistics
In 2023, the number of workers comp claims experienced a notable decline. Whether that’s attributed to remote work, lack of travel, or a lack of exposure to risks in the office, issues dipped off across various industries. Although less claims exist, medical costs have climbed.
Less cases means less risk, right? Not necessarily. Risk exists in every environment, but when an issue occurs off-site, it’s often more difficult to deal with. There are more variables with less control and confirmation, so when a situation last longer, the longer a case remains open, thus boosting higher expenses over time.