Being unprepared to implement recommendations and unwilling to revolutionize your approach to business will take your consultation investment down the drain, along with your profits.
While hiring a professional consultant can be costly and time consuming, being unprepared to implement recommendations and unwilling to revolutionize your approach to business will take your consultation investment down the drain, along with your profits. In this column I will try to convey some basic preparations for the contractor who is thinking about hiring a safety professional.
1. Obtain your worker’s compensation Experience Modifier Rate (EMR) from your insurance carrier. This number is based on your Standard Industrial Code (SIC) classification and achieved by a mean calculation. Your EMR determines the likelihood of any employee having an accident during 2,000 hours of employment annually as compared to any other employee performing the same work under the same SIC classification. If you’re a residential roofer (SIC #000) and your EMR is 1.25, then an employee is 25 percent more likely to have an accident working for you than the average residential roofer. If your EMR is 0.75 then that same employee is 25 percent less likely to have an accident working for you, relative to that same 3-year average.