by David Schek | May 30, 2013 | News, Workers Comp
The link below discusses the improving trends in the workers compensation markets. While many carriers are still recovering from a period of poor returns between 2006 -2010, there does seem to be some encouraging signs recently that profits at the carriers have increased as a result of lower losses and higher premiums in most industry categories.
— http://www.workcompwire.com/2013/05/nccis-outlook-on-workers-compensation-industry-encouraging/
Though from our experience at Work Comp Staffing Solutions, it may be another 12-24 months before carriers and begin to get comfortable underwriting staffing companies. We believe an unintended consequence of the ACA is that workers compensation carriers are concerned about how staffing companies will deal with the implementation of the Act and how it will impact their costs.
A great way to manage all these new back office expenses and new regulatory liabilities like the ACA, is by partnering with a Professional Employer Organization (PEO) via a skilled broker like Work Comp Staffing Solutions. Please feel free to contact me with any questions you may have about PEO’s at davidstaffing@gmail.com and visit us at 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 28, 2013 | News, Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
The Ohio Bureau of Workers Compensation Commission (BWCC) was researching an employee’s workers compensation claim that she was not able to work because of her health issues following a work related accident. — for which she was collecting work comp benefits. A visit by the BWCC to her Facebook site and her other on line accounts indicated that she was on another job working, while collecting benefits. She received over $60,000 in fraudulent benefits– at her employer’s expense. Needless to say the BWCC (and her employer) were not too pleased to find out about this fraud. See link below.
— http://www.workerscompensation.com/compnewsnetwork/news/16748-social-media-helps-secure-conviction-of-ohio-woman-committing-workers-comp-fraud.html
Using social media to check on employees who are collecting workers compensation and unemployment benefits may be a relatively new though very useful way to engage the Internet for your business.
Professional Employer Organizations or PEO’s are another business tool that you can use to your advantage in order to reduce your workers compensation and back office costs. For a FREE quote, please contact me at davidstaffing@gmail.com and visit us at 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 23, 2013 | News, Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
Here is an excellent article about the “potential health risks” that your applicants may be bringing with them when they work with your agency. Co morbidity is a significant reason that medical costs are increasing in the workers compensation arena. For example, the US population is generally less healthy in terms of obesity than it was 40 years ago. As a result, the recovery time and costs after a workers compensation accident occurs, can be longer and more expensive to you as an employer.
— http://workers-compensation.blogspot.com/2012/11/the-costs-and-complications-of-other.html
Remember Professional Employer Organizations (PEO’s) are your partners in reducing and keeping your workers compensation rates as low as possible. Staffing companies are increasingly turning to PEO’s to efficiently handle their workers compensation insurance coverage and back office administration. Please feel free to contact me at davidstaffing@gmail for more information about partnering with a PEO, and visit our web site www.StaffingCompSolutions.com to request a FREE workers compensation insurance PEO quote.
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 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
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