Blog - Lastest News from Work Comp Staffing Solutions
Looking For a Solution for Obamacare and Workers Compensation Without Going Broke?
For the last year, Work Comp Staffing Solutions has been working with a human resource and back office payroll company that manages payroll for about 50,000 employees and whose clients include apx 150 staffing companies across the country. The business model they use is where the employees become 100% theirs for payroll administration purposes.
Five Ways to Keep Safety Top Of Mind With Your Temporary Employees
Workplace safety – We would always review “on the job” safety procedures during the interview and orientation process. We also tried to follow up periodically on the safety guidelines we disseminated. We found that education about the importance of safety at our staffing firm, enabled us to keep a low mod and maintain relatively low workers compensation rates. Here are 5 things we did in our staffing firm that may help your temporary and permanent staff keep safety top of mind.
What’s the Difference Between a Professional Employer Organization (PEO) and Your State Fund for Workers Compensation Insurance?
Besides the obvious answer that a Professional Employer Organization will usually offer lower rates, there are many other important differences. For example, your PEO is your business partner in helping your staffing business maintain safe operations, so it can offer...
Using Social Media Can Lower Your Workers Compensation Rates
Social Media can be a key tool to communicate the high priority that your staffing company places on operating a safe staffing firm. In variably, as your employees and clients receive your information about work place safety issues, you will experience fewer workers compensation claims which will translate into lower workers compensation rates.
How Do I Maintain My Gross Profit When My Workers Compensation Rates Are Increasing By 20,30, and 40+%?
Staffing owners asking how to maintain their businesses gross profit when they receive significant workers compensation rate increases. Of course they can shop for a new policy with a Professional Employer Organization (PEO,) but for some, getting lower rates through a new policy just is not possible; especially if their experience mods are too high.
Big Data Meets Workers Compensation
Well it was only a matter of time before the two met. And the results are not great for staffing companies. Insurance companies are using complex analytics (aka Big Data) as a substitute for human judgement in the underwriting process. The insurance carriers believe big data will better screen for risky clients and improve their overall profitability.
What is Subrogation and How Can It Affect Your Workers Compensation Rates?
As my client began to research the claim, it appeared that the fork lift may have been improperly maintained and was in very poor working order. All of which was their clients responsibility. This situation may mean that the liability for the workers compensation accident, may be shared between the staffing company’s client and the insurer/ PEO for the staffing company.
Everything You Wanted To Know About Why Workers Compensation Rates Are Going Higher….. But Were Afraid To Ask!
Rarely do I find such a concise and well written article about the causes of higher workers compensation rates. I knew immediately I had to share it with you. The many charts and graphs will add to your understanding of why workers compensation rates are increasing and where they are going.
Obese Employees Eat Into Your Workers Compensation Cost Saving Programs
In study after study, employees with obesity issues are devouring their employers profits by being involved in more workers compensation claims. In fact they have higher workers compensation claim rates, spend more time getting back to work after an accident, and tend to be more affected by co-morbidity health issues
Work Comp Staffing Solutions Management Consultants Roll Up Their Sleeves To Improve Your Profits
One of the unique features of the Work Comp Staffing Solutions management consulting service is that we invest our time to get to know your organization from the ground up. We apply our 25 years of staffing experience in order to develop appropriate and valuable sales and operation’s programs to improve your business.
Staffing Workers Compensation Experts Predict Another 18 Months Of A Hard Market
Staffing Industry Review recently published a very informative article about the current state of workers compensation for staffing companies. They reference several leading experts on their perceptions of where the workers compensation market is heading.
Very, Very Strange Workers Compensation Claims
Some times my staffing clients tell me that they have seen or heard about every kind of workers compensation claim possible. After they share a few workers compensation claims stories with me, I would usually have to agree with them. Then I read this recent article (see link below) about some VERY VERY Strange Workers Compensation claims.