Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Prudential Financial Inc    PRU

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Prudential Financial Inc : Prudential Finds Employer-Sponsored Return to Work Programs Reduce Costs and Boost Productivity

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/22/2012 | 03:05pm CET

White Paper Points to the Value of Focusing on Employees' Capabilities Rather than Disabilities

The economic climate of the last few years has compelled employers to do more with less in all areas of their business. Having and keeping experienced, productive workers on the job is key to meeting this challenge. A new report issued by Prudential Financial, Inc. (NYSE: PRU), shows that by providing the right kinds of support to employees, extended disability absences can be shortened.

According to the white paper, entitled Controlling the Uncontrollable, successful Return to Work programs pro-actively help disabled employees get back on the job, either in the same or a modified capacity, and in doing so demonstrate to absent employees that they are seen as valued members of the team. At the same time, the employer's direct and indirect costs of absence are reduced.

The paper acknowledges that while many employers have components of Return to Work programs in place they aren't achieving the full cost and productivity savings potential from a fully integrated program. "Employers would do well to assess where they are on the Return to Work continuum and determine what next steps they can and should take," notes Jim Porter, vice president, Product Development, Disability Product Management for Prudential's Group Insurance business. "The key to a successful program is the ability to track, validate and report absences. The more data employers have the greater their ability to take preventative measures that will positively impact their bottom line."

In 2007, roughly two in five (39%) plan sponsors said they were involved in Return to Work initiatives to some extent. Since then, such programs have enjoyed moderate growth and today 45% currently use Return to Work initiatives. Despite the compelling benefits of implementing a formal program, many employers still worry about things like the cost and necessary resource allocation, negative employee reactions and the perceived permanence of light-duty accommodations. "What they don't realize is that employees also benefit from Return to Work in a way that focuses on what they can do rather than can't do, with the structure to support that transition," continues Porter. "These programs give disabled employees the opportunity to retain job skills and bring their income closer to pre-disability levels. Getting back to work sooner increases the morale not only of the affected employee but also of his or her co workers."

Prudential's white paper offers an overview of Return to Work programs for benefit decision makers including defining common terminology, identifying potential cost and productivity savings and enumerating the benefits for both employees and employers while debunking common misconceptions about such programs.

For the full report, Controlling the Uncontrollable, visit www.prudential.com.

Prudential Group Insurance manufactures and distributes a full range of group life, long-term and short-term disability, long-term care, dental, and corporate and trust-owned life insurance in the U.S. to institutional clients primarily for use in connection with employee and membership benefits plans. The business also sells accidental death and dismemberment, and other ancillary coverages and provides plan administrative services in connection with its insurance coverages.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/

Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Group coverages issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ.

0224283-00001-00

Prudential Financial, Inc.
Sheila Bridgeforth, 973-802-6852
Sheila.bridgeforth@prudential.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PRUDENTIAL FINANCIAL INC
12/02 PRUDENTIAL GLOBAL SHORT DURATION HIG : Reports Unaudited Earnings and Financial ..
12/01 MESTEK : HVAC manufacturer rolls out Student Loan Genius benefit through Prudent..
12/01 PRUDENTIAL FINANCIAL : Fixed Income to adopt PGIM Fixed Income as new global bra..
11/30 PRUDENTIAL INVESTMENTS : Retirement remains Americans' top priority; most still ..
11/29 PRUDENTIAL INVESTMENTS : Retirement remains Americans’ top priority; most ..
11/28 PRUDENTIAL FINANCIAL : Short Duration High Yield Fund, Inc. and Global Short Dur..
11/28 PRUDENTIAL FINANCIAL : PGIM Real Estate awarded Co-operative Group Pension Schem..
11/22 PRUDENTIAL FINANCIAL : Yanela Frias to lead Prudential's Structured Settlements ..
11/21 PRUDENTIAL INVESTMENTS : to Host Closed End Fund Conference Call
11/21 PRUDENTIAL FINANCIAL : HVAC manufacturer rolls out Student Loan Genius benefit t..
More news
Sector news : Life & Health Insurance - NEC
11/30 Impact on insurers from Britain's vote to leave the EU
11/28 Italy's Monte dei Paschi lists multiple threats to rescue plan
11/28DJAsian Shares Mostly Down on Skepticism About OPEC Deal
11/24 BANCA MONTE DEI PASCHI DI SIENA : Monte dei Paschi shareholders approve vital ca..
11/24 BANCA MONTE DEI PASCHI DI SIENA : Monte dei Paschi shareholders approve vital ca..
More sector news : Life & Health Insurance - NEC
News from SeekingAlpha
12/02 Banks retreat along with rates; REIT rise
12/01 NOV. 30 UPDATE : Dugan Stock Scoring System's January 2016 Purchases Massively O..
11/30 Banks back in the lead as new Treasury chief has Dodd-Frank in sights
11/30 AIG'S INVESTOR DAY : More Than On Track To Hit 2017 Targets
11/29 Silicon Valley Bank Set To Benefit From Multi-Trillion Dollar Human Capital A..
Advertisement
Financials ($)
Sales 2016 50 118 M
EBIT 2016 5 205 M
Net income 2016 4 545 M
Debt 2016 -
Yield 2016 2,78%
P/E ratio 2016 9,12
P/E ratio 2017 10,17
Capi. / Sales 2016 0,87x
Capi. / Sales 2017 0,89x
Capitalization 43 744 M
More Financials
Chart PRUDENTIAL FINANCIAL INC
Duration : Period :
Prudential Financial Inc Technical Analysis Chart | PRU | US7443201022 | 4-Traders
Full-screen chart
Technical analysis trends PRUDENTIAL FINANC...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 101 $
Spread / Average Target -1,00%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John Robert Strangfeld Chairman, President & Chief Executive Officer
Stephen P. Pelletier Chief Operating Officer-US Business & Executive VP
Charlie F. Lowrey Chief Operating Officer-International & EVP
Robert M. Falzon Chief Financial Officer & Executive Vice President
Barbara G. Koster Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PRUDENTIAL FINANCIAL I..24.96%43 744
METLIFE INC15.45%61 178
AXA-11.18%57 445
PRUDENTIAL PLC3.07%51 262
MANULIFE FINANCIAL COR..13.98%34 474
AFLAC INCORPORATED19.17%27 869
More Results