by David Schek | May 20, 2013 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
While it is hard to generalize from one legal case, this one may help you to understand why partnering with a Professional Employer Organization (PEO) can save you time and money.
A Customer Service representative sued her employer after she was fired for having anxiety attacks which forced her to take time away from the job. The employee was fired after taking a few days off without telling the employer. She was subsequently awarded 16M because the (California) court felt she earned this amount in damages (please do not ask me to explain this amount) Actually she was awarded only 5.1M, but the court added treble damages so the total was 21M. See this case/link below
http://www.swrnn.com/2013/02/15/los-angeles-woman-fired-for-having-panic-attacks-awarded-21-7-million/
The take away from this story is two fold. First California can be a very expensive state to employ people, Second, employing people these days without the use of a human resource specialist like a PEO is inviting trouble.
Had the employer been using a Professional Employer Organization (PEO) they may not have made this personnel mistake, and more importantly, certainly would have had a qualified human resource/ legal partner to help deal with the aftermath of this management decision.
Please feel free to contact Work Comp Staffing Solutions at 202-302-1212 to discuss your PEO needs and how you can get a worker’s compensation quote. Also visit us at www.StaffingCompSolutions.com to learn more about PEO’s and other workers compensation insurance solutions.
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
by David Schek | May 15, 2013 | News, Professional Employer Organization (PEO), Staffing Company
In the May/June issue, the United States Staffing Association has featured StaffingCompSolutions.com. The article focuses on the growing popularity of Professional Employer Organizations (PEO) as a solution to solving staffing companies growing workers compensation insurance challenges. The article also discusses how PEO’s are a very efficient way to add greater value to your back office services so you can be more client centric.
— Here is the link:
http://www.pageturnpro.com/Recruting-and-Staffing-Solutions-Magazine/50473-RSSM-Digital-Version_20130501/index.html#1
The article if full of interesting details about all the services that a PEO offers to staffing companies, and explains the benefits of partnering with a PEO for your payroll/ back office/healthcare and workers compensation insurance needs.
Feel free to contact David Schek at davidstaffing@gmail.com and visit Work Comp Staffing Solutions at www.StaffingCompSolutions.com to get a FREE quote for your staffing business.
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
by David Schek | May 13, 2013 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Last week an 8M AZ and PA staffing company contacted Work Comp Staffing Solutions with a big workers compensation insurance problem. His workers compensation insurance carrier, Dallas National, had non renewed them and the State Funds were their only possible solution to stay in business. Unfortunately this meant that they needed 150K for a premium deposit within a week to secure the State Fund/ Assigned Risk Pool policies, before the workers compensation non renewal went into effect and they lost their workers compensation coverage. This would have probably put the staffing company out of business.
Work Comp Staffing Solutions was able to arrange for a nationwide Professional Employer Organization (PEO) to provide coverage to the staffing company within 72 hours so that they did not have to make the 150K premium deposit. In fact, the PEO solution did not require any premium deposit, which allowed the staffing company to keep their cash, and invest it back into their business to keep growing.
If you are still using the State Funds/ Assigned Risk Pools for your workers compensation coverage, you probably are paying higher rates than your competitors who use a PEO, and you are most certainly paying higher premium deposits. And of course your workers compensation fees are not being leveraged, so that you receive other back office software and human resource services that a PEO uniquely provides.
For more information about how PEO’s can make you more competitive, please contact me at davidstaffing@gmail.com and visit our web site www.StaffingCompSolutions.com.
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
by David Schek | May 6, 2013 | News, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
(Warning – this article is rated R)
This vignette about workers compensation insurance and unemployment fraud in Spain is almost too unbelievable. Below is the link to the article that will make you cringe, laugh, and cry — almost all at the same time
— http://www.workerscompensation.com/compnewsnetwork/from-bobs-cluttered-desk/16620-having-a-hand-in-insurance-fraud.html
So if you think the US workers compensation system has its problems, just be grateful you are not an employer in Spain.
Remember if you are insured through a State Fund, you should look at utilizing a Professional Employer Organization (PEO) which can usually offer you better workers compensation rates and always offer much greater back office value for your money. Please contact me at davidstaffing@gmail and visit our web site www.StaffingCompSolutions.com
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
by David Schek | Apr 30, 2013 | News, Staffing Company
Here is a link detailing the 68M in humongous bonuses that California State Fund Managers and Executives are receiving while approving huge rate increases to customers and running the fund into the ground.
— http://www.wcexec.com/State-Fund-Bonuses-68-Million.aspx
I wonder how many other State Funds are approving big bonuses at the expense of their staffing stakeholders aka customers? Staffing companies deserve a workers compensation partner that cares more about keeping rates low and competitive, than prospering at the expense of their “stakeholders.”
Please feel free to contact me at davidstaffing@gmail.com or visit us at www.StaffingCompSolutions.com to discuss how you can start utilizing a workers compensation partner that cares more about your business than their next huge Payday from the State Fund.
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
