The amount of time employees spend in a particular role and their age are the leading factors determining the frequency and cost of workers' compensation claims.
"As employers navigate turnover and a multigenerational workforce, it's important that they stay aware of the risks that come with changing worker demographics so they can help keep employees safe and businesses running," says Rich Ives, vice president of business insurance claims for Travelers.
Employees in their first year on a job, regardless of their age or industry experience, represent more than one-third of all claims—and nearly 7 million missed workdays due to injury—according to the "2023 Injury Impact Report" from Travelers.
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