by David Schek | Oct 22, 2012 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Workers Compensation State Funds are often called the “Insurance of last resort”. Since all employers need workers compensation by law, each State has set up a State Fund or Pool that has to accept all employers–no matter their risk profile or insurance loss history. This means that, if you are using the State Fund, and you are not a super high risk, but could not secure or afford insurance through a direct carrier, you are probably paying for someone’s else’s poor work comp history.
Instead of using the State fund, a staffing firm should consider a Professional Employer Organization (PEO) to keep workers compensation costs to a minimum.
By using a PEO or Professional Employer Organization for your workers compensation coverage, you get these benefits:
- Usually lower rates than the State Funds.
- Assistance with managing your work comp claims.
- Payroll and human resource support.
- You have less employer liability
- No deposits/usually no deductible- all payments are pay as you go.
- Paychecks printed in your office
- Administration of new healthcare plan (if needed)
PEO’s enable staffing companies to outsource payroll administration, employee benefits, and worker’s compensation benefits, while reducing cost and saving labor.
Essentially, PEO’s provide payroll-processing services combined with worker’s compensation benefits at rates that are often below State funds and direct carriers.
A PEO’s assumes the responsibilities of payroll tax compliance, unemployment insurance claims, and worker’s compensation claims and provides expert advise on human resource related issues.
In fact, before starting Work Comp Staffing Solutions in 2007, I owned and operated a 60 office staffing company I partnered with a PEO for about 25 of my staffing offices for about 10 years. So in addition to promoting PEO services for staffing companies, I am a very happy former client of a PEO.
Contacts us at https://StaffingCompSolutions.com/contact-us/ (202-302-1212) and let us help you start enjoying the benefits of partnering with a PEO.
All the best
David
David Schek
President
www.StaffingCompSolutions.com
david@StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Oct 15, 2012 | News, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Last week I attended the American Staffing Association Conference. There was a wonderful key note presentation by Jim Collins http://www.jimcollins.com/about-jim.html about how to successfully manage in these dynamic economic times. I found this topic very germane to dealing with today’s workers compensation environment. Between rising work comp rates in 2013, and the strong possibility of Obamacare occurring in 2014, the seas of change seem to be crashing in around the industry.
Jim pointed out how invaluable developing a strategy to sell “value” over price will separate the winners from the losers.
For many staffing companies, looking at all options for keeping back office and workers compensation rates as low as possible, will also be imperative so they can focus on selling value. Working with a PEO / Professional Employer Organization partner will invariable be the solution for some Light Industrial staffing companies that want to stay in business but have challenges in the workers compensation area.
Firms that are only willing or able to look at traditional solutions for keeping workers compensation costs in line may be victims of these monumental changes in the staffing world. Working with a generalist insurance broker may not suffice. working with a specialist like Work Comp Staffing Solutions makes all the more sense. One big takeaway that Jim emphasized is that the business world, especially the staffing world is changing quickly.
Let’s chat about your workers compensation situation before you feel the pain of higher rates or worse, policy cancellation. With our 25 years of helping staffing companies solve their workers compensation issues, we can apply that experience so you are a winner in the turbulent staffing environment.
Contact us at david@leastaff.com or 202-302 1212
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
StaffingCompSolutions.com—- Work Comp Specialist
by David Schek | Oct 1, 2012 | News, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Last year alone, there were 76,000 on the job deaths reported in China. This is over 2000% higher than in the US. And while the company Foxcom/Apple has been in the news recently for the rioting of their disgruntled Chinese employees, many other employees in other industries are finally reacting to the unsafe working conditions (Read more…)
Breaking News: Work Comp Staffing Solutions chosen as the exclusively endorsed PEO broker for the United States Staffing Association (U.S.S.A.)
Work Comp Staffing Solutions is proud to be a partner with the U.S.S.A. as the exclusive PEO provider for the staffing industry. As more and more staffing firms are turning to PEO’s (Professional Employer Organizations) to help lower their workers compensation and back office costs, the U.S.S.A. has chosen Work Comp Staffing Solutions to help their members connect with the right PEO solution.
There are over 700 PEO’s in the U.S. and they manage nearly $100 billion in payroll and worker’s compensation. Unfortunately only a relative few focus on staffing (especially Light Industrial) and have the experience and financial stability to service your needs.
With over 30 years experience in the staffing industry, Work Comp Staffing Solutions is uniquely positioned to help your business benefit from the right PEO solution.
To learn more, please visit our website www.StaffingCompSolutions.com or www.usstaffing.org/PEO.html
There is still time to for a free lunch (or dinner) at the ASA conference!
Work Comp Staffing Solutions will be busy discussing workers compensation challenges and solutions with staffing firm owners while providing a complimentary meal at the Venetian’s many fine restaurants during the conference. Take advantage of our 30 years of staffing and workers compensation experience while enjoying a fine dining experience on us.
Click here – to schedule an appointment and learn just how much savings we can provide you in workers compensation solutions
“See you in Vegas”
David
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
See you at the American Staffing Association conference in Las Vegas
StaffingCompSolutions.com—- Work Comp Specialist
by David Schek | Sep 21, 2012 | News, Professional Employer Organization (PEO), Staffing Company
Breaking News: Work Comp Staffing Solutions chosen as the exclusively endorsed PEO broker for the United States Staffing Association (U.S.S.A.)
Work Comp Staffing Solutions is proud to be a partner with the U.S.S.A. as the exclusive PEO provider for the staffing industry.
As more and more staffing firms are turning to PEO’s (Professional Employer Organizations) to help lower their workers compensation and back office costs, the U.S.S.A. has chosen Work Comp Staffing Solutions to help their members connect with the right PEO solution.
There are over 700 PEO’s in the U.S. and they manage nearly $100 billion in payroll and worker’s compensation. Unfortunately only a relative few focus on staffing (especially Light Industrial) and have the experience and financial stability to service your needs.
With over 30 years experience in the staffing industry, Work Comp Staffing Solutions is uniquely positioned to help your business benefit from the right PEO solution.
To learn more, please visit our website www.StaffingCompSolutions.com or www.usstaffing..org/PEO.html
There is still time to for a free lunch (or dinner) at the ASA conference!
Work Comp Staffing Solutions will be busy discussing workers compensation challenges and solutions with staffing firm owners while providing a complimentary meal at the Venetian’s many fine restaurants during the conference. Take advantage of our 30 years of staffing and workers compensation experience while enjoying a fine dining experience on us.
Click here – to schedule an appointment and learn just how much savings we can provide you in workers compensation solutions
“See you in Vegas”
David
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
United States Staffing Association Preferred Member
See you at the American Staffing Association conference in Las Vegas
StaffingCompSolutions.com —- Work Comp Specialist
by David Schek | Sep 17, 2012 | News, Staffing Company, Workers Comp, Workers' Compensation Insurance
Work Comp Staffing Solutions will be busy discussing workers compensation challenges and solutions with staffing firm owners while providing a complimentary meal at the Venetian’s many fine restaurants during the conference. Take advantage of our 30 years of staffing and workers compensation experience while enjoying a fine dining experience on us.
Click here – to schedule an appointment and learn just how much savings we can provide you.
What’s News…
Changes in the industry since the recession
The workers’ compensation insurance sector has gone under huge changes since the number of workers covered by workers compensation dropped by 4.4 percent in 2009, the biggest decrease in two decades and this trend continues (read more)
Workers Compensation trends for 2012 and beyond
There have been a number of negative events affecting staffing companies rates over the last 12 months which will continue into 2013. They include poor underwriting results, declining premiums for carriers, an uptick in claim frequency, and healthcare reform uncertainty. (read more)
NCCI’s 2012 Top Five Reclassified Codes
As a staffing company owner, classifying your employees correctly is incredibly important so worker’s compensation audits do not result in penalties and fines. Here are the top 5 codes that most often are missclassified or flagged by NCCI auditors (read more)
Is using a PEO / Professional Employer Organization for your workers compensation coverage the right solution?
There are many perspectives on this issue. It is generating more discussion as workers compensation for staffing companies gets more difficult to secure from private carriers and State rates increase dramatically (read more)
Stripper Denied Workers Compensation relief– what do you think?
(read more)
All the best,
David Schek
President
www.StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
United States Staffing Association Preferred Member
See you at the American Staffing Association
conference in Las Vegas
