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No matter if you’re a company of 50 or 50,000 employees, Absence and Disability Management can be a challenge. And most companies don’t know if their Disability and Absence programs are leading the pack or lagging behind.
Not knowing where you stand can lead to confusion, lack of confidence, and potential consequences. We talked to companies of all sizes, and below are some of the Absence and Disability challenges companies face at different stages of growth.
Most companies admitted they aren’t very confident when it comes to Absence and Disability Management.
Companies of all sizes consider themselves at low risk. Without benchmarking this can lead to a false sense of security, and lead to big problems.
Download the full Absence and Disability Readiness Index report, which contains:
• Grades on the readiness of U.S. employers
• 6 key insights you can use right now to start improving your practices
All statistics from the Absence and Disability Readiness Index report unless otherwise noted. Source: Absence and Disability Readiness Index report, The Standard, November 2018, based on survey conducted by Versta Research.
The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of Portland, Oregon, in all states except New York. Product features and availability vary by state and are solely the responsibility of Standard Insurance Company.
© 2020 StanCorp Financial Group, Inc.
41
%
of employers say they are managing absence well
ONLY
Percentage of companies that have experienced complaints or lawsuits related to the following:
FMLA
Other paid family leave statutes
ADAAA
Other disability and medical leave statutes
perceive a high level of risk for complaints or lawsuits
3
Only
%
of companies are benchmarking their programs
37
%
of employers say they are managing disability well
ONLY