Recently in New Jersey, a family owned staffing company was busted for allegedly misreporting the number of employees in their staffing firm. In this case they underreported to the tune of $30 million. By doing this they failed to pay adequate workers’ comp premiums, leaving their most important asset, their employees, vulnerable. Here is how you can avoid this problem of misclassification.
- At the outset when you add new employees, make sure your employees are properly classified for workers’ comp.
- Monitor those classifications on a regular basis. They can change, which means you may need to pay more premiums.
- If you have multiple offices, keep track of the number of employees each one has. If they’re in multiple states, there may state laws with which you must comply.
Professional Employer Organizations (PEO) can help you keep track of all the legal requirements associated with your employees. Mistakes, even if unintentional, can cost you dearly. Please call us for a FREE workers’ compensation quote at 202-302-1212. Or visit us at www.StaffingCompSolutions.com.
All the best
David Schek
President-Work Comp Staffing Solutions