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With the aim to align with the standards set by the OSHA and ensure employee safety and protection, the company has decided to create a (1) formal safety program for employees and (2) reduce workers’ compensation cost. Given such changes, the company shall elaborate on important guidelines and information needed by each employee to actively avail of such incentives. The next section will highlight the coverage of such amenities and benefits
Workers’ Compensation and Safety
The creation of the workers’ compensation and safety plan seeks to ensure a fair practice among the employers and the employees with the aim of creating compromise between two parties in each ones needs. The following are included in the overall program:
1. Rehabilitation of Injured Employee
2. Insurance Coverage
3. Cost Allocation
Workers Compensation Insurance
With the formalization of compensation policies, the company will provide insurance to its employees based on the following:
a. the company will use self-insurance as its form of option
b. the determinant for premium rates shall be computed based on a manual rating and shall be determined by the Manager of Health and Safety
Please note that casual employees (part-time) and contractors & subcontractors are not subject to such changes.
Coverage of Insurance and Safety Benefits
The company will compensate workers and shoulder the expenses of employees who fit in the following categories: (1) Out of Employment Injuries, (2) Injuries during course of employment, (3) temporary disability and (4) permanent disability.
With such initiative in mind, the company seeks to extend its arm towards its employees and wishes to assure each one that their welfare is taken care of. For the benefit of the workers and the growth of the company.