BTE Technologies, Inc.'s Post Offer of Employment Testing (POET) Program Saves Ammunition Manufacturer Significant Dollars by Reducing Injury Rates in New Hires
April 2010
Post Offer of Employment Testing (POET) reduces preventable workplace injuries incurred by individuals who are not physically capable of performing specific job demands. BTE Technologies, Inc. is the leader in the design and implementation of the most legally compliant testing programs across multiple industries. By reducing incidence rate and lowering claims costs, these programs generate significant savings for our employer clients.
One year into the BTE POET testing program, this large ammunition manufacturing company has not experienced an injury to-date, and has not spent dollar one in claims for this tested new hire population. Dropping the injury rate of new hires to zero (down from the 7.4% injury rate for existing, non POET-tested employees), combined with the injury avoidance in non-hires, has provided a 162% return on investment. This program has saved this ammunition manufacturer a total of $216,573 in just one year by using the BTE Post Offer of Employment Testing solution.
| Total Savings and Costs Avoided | |
|---|---|
| New Hires at 7.4% Existing Employee Injury Rate | 13 |
| Claims Cost Savings | $134,069 |
| Injuries Avoided at 50% of Non-Hires | 8 |
| Claims Costs Applied = Costs Avoided From Not Hiring Failed Candidates | $82,504 |
| Total Savings + Costs Avoided | $216,573 |
| First Year Net Return-on-Investment (net of program costs, including start-up) |
162 |