EMPAQ® (Employer Measures of Productivity, Absence and Quality™) is an employer-developed and driven-measurement tool. Workers' compensation is a critical issue for employers, which is why National Business Group on Health (the Business Group) and Truven Health Analytics partnered to conduct a study to determine the financial impact workers' compensation has on companies.
EMPAQ tracked average annual claim incidence per 100 full-time employees (FTE), average cost per FTE, and average lost Temporary Total Disability (TTD) workdays per 100 FTEs in its research.
We found that:
By leveraging EMPAQ data you can improve the health and wellness of your employees. To keep workers’ compensation costs under control:
EMPAQ provides employers with a framework by which to measure and monitor the return on investment they’re receiving from their human capital investments. The EMPAQ insight report delivers an overview of the EMPAQ metrics for program year 2014. It was developed by analyzing responses to EMPAQ surveys from more than 100 large employers representing nearly 4 million employees. For more information, download the Insights Report or visit EMPAQ.org.
The EMPAQ data collected for 2014 included information for four distinct categories, including workers’ compensation, and six key health and productivity programs. Organizations that participate in the survey process receive a customized benchmarking report. Download a sample customized report.