Blog - Lastest News from Work Comp Staffing Solutions
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.
What Happens To Your Costs When the ACA Meets Workers Compensation?
There are basically 2 schools of thought on this issue. The first school of experts suggest that some workers compensation costs will decrease over time since comp costs will be shifted to ACA plans for the millions of workers who are covered under these new health programs. Which would be great for most staffing companies.
Managed Care Providers Are No Cure All for Lowering Workers Compensation Premiums
Most staffing companies learned long ago that sending a workers compensation accident victim to the emergency room is probably the most expensive way to deal with the accident. The expenses generated from having an emergency room treat the employee, are bound to be very expensive– even for minor injuries.
Work Comp Staffing Solutions Expands Staffing Consulting Services
Work Comp Staffing Solutions has specialized in workers compensation solutions for staffing firms for the last 7 years and is now expanding its services in to management consulting. I saw the need for this type of hands on and affordable management consulting in the staffing industry. Most recently I was asked by my PEO clients to help them control costs and operate more efficiently. Many firms these days have been suffering from a variety of operating issues including reduced margins because of increases in workers compensation and SUTA costs and as well as increased competition.
Professional Employer Organization Vensure, Provides Insights To The Staffing Workers Compensation Market
About a year ago Advance Payroll Funding President Adam Stern, asked Vensure Professional Employer Organization (PEO) about the workers compensation market. I recently re read that article from 2012, and felt that the information was even more relevant today than a year ago. I would like to share it with you via this link.
Workers Compensation Insurance Fraud — This Price Was Not Right
This US postal employee seemed to be enjoying the good life while she was collecting workers compensation benefits at her employer’s (the Federal Government) expense. This story/link describes all the fun physical activities she enjoyed while supposedly hurt, and how this abuse went on for years at Uncle Sam’s expense.