Employers who regularly experience workplace injuries recognize the immense toll they can have on a company. Not only does your employees’ morale suffer, but workplace injuries and workers’ compensation have a significant economic impact as well. That’s why human resource risk assessment will help pinpoint problems in YOUR company.

Mitigating the risk for a workplace injury is accomplished by bringing in professional risk management services that can accurately and effectively diagnose and minimize workplace risk. Less risk leads to fewer injuries, which ultimately has a significant impact on your bottom line and employee morale. Concurrent HRO is a top human resource outsourcing company that provides risk management audits.

How Much Do Workplace Injuries Cost?

The importance of a professional risk management audit becomes all too clear when you start looking at the numbers. 

  • The cost of Workers’ Compensation

The U.S. Bureau of Labor Statistics estimates employers spend $.45 per hour worked on workers’ compensation. For small businesses, this can add up to hundreds of thousands of dollars per year.

  • Insurance costs

Workplace injuries will also significantly raise your costs of insurance, compounding the financial impact of workplace injuries.

  • Turnover

High workplace injuries usually lead to significant turnover, and hiring a new employee is far more resource-intensive than retaining an existing employee.

HR Risk Management Specialist For Small To Medium Companies

Risk is a liability, and the more risk you take on, the more liability you burden your company with. Small and medium companies are particularly vulnerable to mounting liabilities, and a risk audit done early on, helps to significantly curtail costs down the road by eliminating costly Workers’ Compensation claims.

Concurrent HRO’s risk management services significantly mitigate the amount of risk you as a company take on. From auditing worksites in dangerous professions to minimizing the risk of disease in others, our HR risk management specialists are here to ensure your company is able to operate on minimum risk liability and keeps your employees and bottom line, as safe as possible.

Schedule Your Risk Audit

With an office in Broomfield, we also serve in Denver, Boulder, Thornton, Aurora,  Lakewood and Greenwood Village, CO, we’re here to serve you wherever you may be in Colorado. Ready to schedule your HR risk management audit? Give us a call at 720-432-5900 today!

Our Services

Payroll Solutions
Payroll Solutions
Online payroll services that help consolidate processes associated with hiring, firing, scheduling and benefits administration.
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HR Solutions
HR Solutions
Working with Concurrent HRO to manage HR will ensure that you have enough time to grow your own business.
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Employee benefits services
Employee benefits services
Our company provides hassle-free employee benefits services to middle and small-sized Colorado businesses.
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Give yourself the peace of mind of local, High-Touch, High-Tech PEO services. Contact us to learn about how the Concurrent HRO solution can save you time and improve your bottom line.

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