The Hartford Launches Integrated Leave Management Solution For Employers
By Press Release - April 27, 2010Three out of four companies today are struggling to manage their workers' absences, and most say they need help with this business issue, according to research by The Hartford Financial Services Group, Inc. Employers find it difficult to track absences due to injuries, illnesses and caregiving because of new and existing regulations. And, their costs due to lost productivity continue to climb.
To help employers more effectively manage their employees' absences, The Hartford has launched an innovative single-company solution to track and manage both occupational and non-occupational leave. The Hartford Productivity Advantage integrates the insurer's short- and long-term group disability and workers' compensation insurance with its leave management administration services to help employers minimize lost time while maintaining productivity.
"The average productivity loss due to an individual employee's disability-related leave of absence is nearly $23,000. Multiply that amount by hundreds or thousands of workers, and you can see why managing employee absence is a costly issue for businesses today," said Juan Andrade, President and Chief Operating Officer of The Hartford's Property and Casualty Operations. "The Hartford Productivity Advantage is designed to be a customized integrated solution that helps employers manage absence as efficiently as possible."
"The Hartford's research found that a vast majority of employers want to consistently administer their employees' absences," said Ron Gendreau, Executive Vice President of The Hartford's Group Benefits Division. "With this product, we can help deliver an improved customer experience, greater administrative efficiency, and enhanced return-to-work results."
The insurer is offering The Hartford Productivity Advantage in a modular fashion. Workers' compensation, disability insurance, and leave management can be selected and integrated based on each employer's objectives and timelines.
Solution for Employers & Workers
The Hartford Productivity Advantage is designed to help ease the burden of benefits administration for employers and employees.
The Hartford's analytic reporting gives employers a consolidated view of employee absences encompassing disability, workers' compensation, family and medical leave.
With its new integrated leave management, The Hartford gives workers a single point of contact to report and discuss their time out of work. And if they experience a disability on or off the job, they will receive support from experienced medical professionals to help them return to active, productive lives.
"Our leave management is backed by consultative support in managing absences, which helps maximize employee productivity and reduce administrative costs," said Gendreau.
Productivity Resources
The Hartford also launched its Productivity Lab (www.thehartford.com/productivity), a new Web resource to help companies build their productivity IQ. "We've created an online resource packed with facts, research, and expert opinions on key issues that impact their company's productivity," said Gendreau.
In addition, The Hartford is offering employers the opportunity to have a customized absence analysis that shows how absence can impact their organization's productivity. You can view a sample assessment on the Productivity Lab. To request your absence assessment, contact your local Hartford representative. For more information about The Hartford Productivity Advantage, visit www.thehartford.com/productivity.
The Hartford is the No. 1 seller of group disability insurance and the fourth largest workers' compensation provider. Specialty Risk Services, which is a wholly-owned subsidiary of The Hartford, is the third largest workers' compensation third-party administrator.
"Our integrated leave management solution aligns with The Hartford's customer-centric strategy of capitalizing on our broad product, service and distribution strengths to deliver differentiated value to our customers," said Andrade.
About The Hartford
Celebrating nearly 200 years of helping its customers achieve what's ahead, The Hartford is an insurance and wealth management company. Through its unique focus on customer needs, the company serves businesses and consumers by providing the products and solutions they need to protect their assets and income from risks and manage their wealth and retirement needs. A Fortune 100 company, The Hartford is recognized widely for its service expertise and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2009 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
1. 2009 Integrated Disability, Absence and Health Management Marketplace Study, Spring Consulting, 2009
2. Integrated Benefits Institute, nonprofit supplier of health and productivity research, measurement and benchmarking
3. LIMRA International, full-year, 2009
4. A.M. Best, 2008
5. Business Insurance Study, 2009.
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SOURCE: The Hartford
The Hartford
Kelly J. Carter, 860-843-9420
kelly.carter@hartfordlife.com
or
Pamela Rekow, 860-547-8990
Pamela.rekow@thehartford.com | 
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