SUBJECT- HUMAN RESOURCE MGMT//MANAGING OHS 1. What are the primary drivers of increased Long-Term Disability Costs...

SUBJECT- HUMAN RESOURCE MGMT//MANAGING OHS

1. What are the primary drivers of increased Long-Term Disability Costs in Canada?

2. Watch two of the videos on the Working to Well website that highlight employees that have successfully transitioned back to work. What role might HR have played in the transition process?

Expert Solution

1. Primary Drivers of Increased long term Disability Costs in Canada :

The Demographic factor: The disability cost will depend upon the age group and the various demographic characteristics. It will increase with the increase in the aged population.
Psychological Wellbeing: The psychological well being of an individual will affect the disability costs as currently for most disability-related programs, psychological issues have been the number 1 issue for disability. A vast majority of claims related to disability are due to mental health-related problems.
Legal Issues: The litigation costs are increasing due to the increase in the legal battles due to disability claim issues, that will lead to an increase in the disability costs
The interest rates: A relatively low-interest-rate environment will put significant pressure on disability costs and will lead to an increase in disability costs.

2. The roles that HR have played in the transition process are:

Fostering a healthier and good quality of work-life by identifying , and preventing stress at the workplace.
Taking stress prevention measures by incorporating a healthier lifestyle in the employees and taking the necessary steps to promote a healthy lifestyle.
Creating performance indicators for the employees in the form of health challenges.
Taking steps to ensure that the workers are happy and psychologically fit and cultivating ways to implement happiness among the employees.

keosha answered 4 months ago

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