The Performance Evaluation of The Compensation Fund and Policy Recommendation

Abstract

This paper based on research project on The Performance Evaluation of The Workmen Compensation Fund has two common and integrated objectives, firstly, to evaluate the last 40 years of its performance since its inception and secondly, to present recommendations and performance guidelines. We found that the fund has reached and achieved its goals and objectives which are fixed and promulgated in the workmen compensation act. The management and performance of the fund are efficient and effective and are rated at the level from moderate to high performance. However, we further found that there are still ongoing problems, for Example, the delay and inconsistent contribution by employer, the rising of medical and treatment expenses, the inconsistent and inadequate uses of fund to prevent and promote safety in works place. The Fund should Extend its mandate and activities to cover all labor sectors, seek solutions for the ongoing problem mentioned above, focusing on the improvements at decision making levels and  organization structure which include the improvements of benefits paid or offered to clients, the management of fund the rehabilitation of injured workers, the improvements of medical and treatment system, the determination of complicated work-related disease, the preparations of effective surveillance, internal control and audit.

Keywords:  Workmen Compensation Fund; Performance evaluation; Policy suggestion