Boca Raton, FL – NCCI recently announced the release of a new Insights report that investigates the relationship between changing workforce demographics and workers’ compensation claim frequency, and seeks to determine to what extent demographic changes in the workforce explain the trend of declining claim frequency.
NCCI noted that by any measure, claim frequency in workers compensation has been declining for many years. As reported annually in NCCI’s State of the Line Report1 workers compensation frequency has fallen almost every year for over two decades and by nearly one‐third just in the last 10 years. A slightly different metric used by the Bureau of Labor Statistics (BLS), which NCCI discusses in detail in the report, shows a 30% decrease since 2006.
Recent declines in frequency have coincided with a period of significant changes in the US labor force. Most notably, the workforce has added a lot of older workers. The number of workers who are at least 55 years old has doubled since 2000, even as the number of workers under 55 has been stable. There have been changes in gender composition and sector mix of workers as well. Women now make up 47% of the labor force. The share of service sector employment is near record highs.
Key findings included:
- Younger workers are getting injured less often than their older peers, a major shift in relative rates
- The gender gap in frequency is narrower due to injury rates falling faster for men than for women
- Frequency decline is driven mainly by lower incidence rates for all workers, not demographic shifts
- Workforce aging has had almost no effect on frequency decline
Read the free report: NCCI Insights: Changing Workforce Demographics and Workplace Injury Frequency
1The most recent State of the Line Report, State of the Line Guide, and State of the Line video can be found online at www.ncci.com/Articles/Pages/II_NewsFromAIS.aspx.