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Staffing Industry Analysts Selects Work Comp Staffing Solutions as a Primary PEO Broker for Staffing Companies

by David Schek | Dec 18, 2013 | Healthcare Insurance, News, Professional Employer Organization (PEO), Staffing Company

Affordable Care Act – Options for Outsourcing Compliance

Last week Staffing Industry Analysts researcher , Andrew Braswell wrote an excellent article about different strategies that are available to staffing companies for dealing with the increased administrative complexities of Obamacare. One of the solutions SIA mentioned is employing a Professional Employer Organization (PEO) to assist in handling the additional administrative responsibilities that all employers must now be responsible for. Staffing Industry Analysts, in their research for this article, identified Work Comp Staffing Solutions as one of two “best brokers” for staffing companies to turn to when selecting a PEO.

We are humbled that Staffing Industry Analysts research has confirmed what our clients have been saying for many years.

Here is a link to this article.

Download Article

Please feel free to contact me for a PEO quote at davidstaffing@gmail.com or 202-302-1212, and I would be glad to assist you.

Happy Holidays
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association

Holiday Greetings From Work Comp Staffing Solutions

by David Schek | Dec 10, 2013 | News, Staffing Company

“Worker’s compensation solutions for staffing companies”

This past year Work Comp Staffing Solutions has been able to help more staffing companies find workers compensation solutions than ever before. In total, we assisted 15 staffing companies with their workers compensation challenges. Even with the ever hardening workers compensation market, Work Comp Staffing Solutions clients were able to identify and manage the most economical workers compensation programs.

Here are some examples of the new staffing clients we helped in 2013:

2M Maryland staffing company did not have workers compensation for a few months because they could not afford the States increased premiums. We found them a Professional Employer Organization (PEO) solution where there was not a down payment, and all premiums were “pay as you go.”
8M Carolina day labor staffing company with a challenging work compensation loss history needed coverage quickly or their State Pool premiums may have forced them out of business. Work Comp Staffing Solutions found a workers compensation program with attractive premiums and an affordable deductible plan.
9M Arizona staffing company needed to find a workers compensation program in 72 hours when they contacted Work Comp Staffing Solutions. We found a PEO that did not require a down payment or deposit, and allowed them to stay in business. Work Comp Staffing Solutions also served as business consultants to this company in 2013 increasing their gross margins by 30% and lowering internal costs.
6 new staffing start ups located in throughout the United States. These staffing start ups are now employing hundreds of workers contributing to our growing economy.
1M Massachusetts Information Technology company that needed workers compensation coverage in all states.

In total, Work Comp Staffing Solutions assisted 15 new staffing clients this year which brings our client base to 52. We are humbled that our clients have entrusted this critical part of their business to our company. We thank them and wish them and all our friends in the staffing industry, a very happy and safe Holiday Season.

All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association

Workers’ Compensation Is All About Politics and Money

by David Schek | Dec 2, 2013 | Workers Comp, Workers' Compensation Insurance

Workers Compensation State Funds

Workers Compensation State Funds have turned into a piggy bank for spend thrift politicians in many states. As tax revenues have declined over the last decade, and state expenses have increased, politicians have had to look for money any place they can find it. According to a well researched and written article by David Depaulo, a leading workers compensation expert, politicians in Kentucky and other states have been using their state workers compensation accounts to pay general state expenses for many years.

http://daviddepaolo.blogspot.com/2013/11/no-other-explanation-necessary.html?goback=%2Egde_2176700_member_5811072391232638979#%21

Staffing Business use of State Funds

This means that workers compensation costs for staffing business, who are still using their State Funds, will probably continue to experience regular rate increases. This is another reason why the workers compensation landscape has really changed over the last few years.

At Work Comp Staffing Solutions we make it our business to consult with you about your workers compensation options and identify the least expensive solution for you. Work Comp Staffing Solutions can probably find a lower cost workers compensation program for you today.

Please feel free to contact me at davidstaffing@gmail.com or visit us at www.StaffingCompSolutions.com to discuss your particular workers compensation situation.

50M+ Reasons Why ObamaCare May Fall Apart Sooner Than Later

by David Schek | Nov 15, 2013 | Healthcare Insurance, News, Staffing Company

Imagine that a carrier agrees to underwrite your clerical staffing company and when the policy arrives, you inform the carrier that you really staff light industrial employees. Or imagine that the carrier quotes you workers’ compensation rates based on your stated payroll of $1M per year, but when you receive the policy, you inform the carrier that you actually have a payroll of only $100K.

With the Obamacare roll-out debacle, insurance companies have to wonder whether they will receive 5000 or 50M new customers–and when will they get them? More importantly, what will be these customers’ health profile be?

All insurance is based on quantitative metrics that are painstakingly researched by expert teams of actuarials. Insurance is grounded in confidence in data—confidence that the information received for quoting your staffing business is essentially the same as when the policy was developed and approved by the underwriters and State regulators.

Obamacare now harbors many cross currents of information for insurance companies to grasp. One can easily imagine that rates are going to be higher, or that the carriers may decide to wait a few years before bidding on the business. In the worst case, the government may decide to be the insurer of last resort (like the State Funds are with comp) for the next few years. Whatever happens, I suspect that, before long, Obamacare may be significantly modified.

To read more details about this situation, see:

http://www.mcclatchydc.com/2013/11/07/207909/analysis-tens-of-millions-could.html

and

— http://politicalticker.blogs.cnn.com/2013/11/13/can-congress-really-save-insurance-plans-lost-under-obamacare/

To help you stay ahead of these changes or to discuss work comp options for your staffing company, please feel free to contact me at davidstaffing@gmail.com or visit us at www.StaffingCompSolutions.com.

StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.

Lower Workers Compensation Rates Start With Following Best Safety Practices

by David Schek | Nov 11, 2013 | News, Staffing Company, Tips, Workers Comp, Workers' Compensation Insurance

Reducing Work Comp Rates

The Work Comp Staffing Solutions team is focused on workers compensation and back office solutions for staffing companies 7 days a week for our clients. Over the last 18 months, we have witnessed insurance companies becoming much more selective in the staffing industry with respect to who they underwrite for comp. One reason for this change is that since January, the NCCI reformed their formulas for calculating mod rates (first time in 20 years.) Now, if a staffing company is not best in class from a safety perspective, the carrier will usually not under write a policy or will only do so with VERY high deductibles.

Following Best Safety Practices

Given this difficult (and expensive) work comp environment where good safety practices are even more important. I found this article from the American Staffing Association’s Staffing Success Magazine to be very instructive for staffing company owners.

— — http://www.asa-digital.net/amstaffingassoc/september-october_2013#pg24

If you are in the process of becoming, or have become, a “best in safety class” staffing company, and are looking for lower comp rates, Work Comp Staffing Solutions can probably find a lower cost workers compensation program for you today. Please feel free to contact me at davidstaffing@gmail.com or visit us at www.StaffingCompSolutions.com to discuss your particular workers compensation situation.