Margaret Spence argues that rising workers' comp costs damage employee morale and team effectiveness more than the premiums themselves. Frequent claims and injuries erode confidence, creating a cycle where disengaged workers become more prone to injury, which drives costs even higher.
Beyond the cost factor, everybody looks at, well, you know, your premiums are going to go up, your cost of risk is going to go up. Okay, so we can all talk about cost, but one of the things that we don't focus on enough. And let me, let me give you the dynamic of what I'm talking about. Employee morale is essential to creating an effective team. Okay, employee morale is the only part of creating a team. If you have a cycle of settling claims, a cycle of injured and out the door, What's to prevent the next person from doing that?
