by David Schek | Sep 24, 2013 | News, Professional Employer Organization (PEO), Staffing Company
At the recent national Professional Employer Organization (PEO) conference in San Antonio, 2 economists who have published their research in the Harvard Business Review (Laurie Bassi and Daniel McMurrer) presented their paper highlighting the benefits of using a PEO for small businesses. Since most staffing companies are small businesses, PEO’s make tremendous sense as a way to decrease back office and workers compensation expenses.
PEO’s allow you to operate very efficiently and maximize your limited resources to stay competitive.
Their study points out that small businesses that use a PEO have a 10% higher growth rate and experience 21% savings in back office expenses than other small business. The economists, Ms. Bassi and Mr. McMurrer, also indicate that 250,000 companies with 6 Million employees currently utilize a PEO in their businesses.
I encourage you to read this interesting article and then contact me for a FREE PEO quote at davidstaffing@gmail.com or 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
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | Sep 9, 2013 | News, Professional Employer Organization (PEO), Staffing Company
I recently read this very interesting article about how best to hire successful payroll and back office staff.
http://www.smartcompany.com.au/the-payroll-revolutionary/057289-the-seven-most-common-mistakes-when-hiring-payroll-staff.html
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While it offered some helpful tips on the hiring process, it further convinced me that it is a very difficult and time consuming task for most staffing owners given all their other responsibilities.
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As I can personally attest, operating a staffing company can be a juggling act from the time you start in the morning to the time you close your doors each evening. From dealing with challenging clients and temporary employees, the last thing most owners want to think about is hiring and managing dedicated support staff for their back office which tend to be fixed expenses.
By using a Professional Employer Organization (PEO) the headache of hiring and managing back office staff can largely be eliminated. If you are having difficulty in maintaining a quality back office staff, or they are simply getting too expensive along with your workers compensation insurance, let’s talk about how a PEO can make your life a lot easy and your business more profitable.
Please contact me at davidstaffing@gmail.com or visit us at StaffingCompSolutions.com for a FREE PEO quote. We specialize in helping staffing companies become more profitable.
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
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | Aug 12, 2013 | Consulting Services, News, Staffing Company, Tips, Workers Comp, Workers' Compensation Insurance
Social Media can be a key tool to communicate the high priority that your staffing company places on operating a safe staffing firm. In variably, as your employees and clients receive your information about work place safety issues, you will experience fewer workers compensation claims which will translate into lower workers compensation rates.
All of Work Comp Staffing Solutions consulting clients promote their safety practices and safety philosophy through weekly or monthly blogs via social media outlets like Linked In and E mail blog lists. As their employees and clients read this material, they understand that safety is an important value to their company.
Here are some immediate benefits of integrating safety issues into your social media marketing program.:
1. Clients and prospective clients will know that you are a professional staffing firm that is serious about safety issues.
2. Applicants and employees who have a history of filing fraudulent comp claims will see that your staffing company is involved in all aspects of safety and claims management- putting your firm at less risk of being a target for workers compensation insurance fraud.
3. Social media can help inform applicants, employees and clients of new or updated safety procedures.
4. These safety messages can be E-communicated along with other marketing and sales information about your firm creating a brand that reflects very positive staffing values.
Work Comp Staffing Solutions is ready to help develop your safety social media campaign. Please give me contact us at davidstaffing@gmail or visit us at www.StaffingCompSolutions.com for a FREE workers compensation 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
Visit Work Comp Staffing Solutions at Booth 104 at the A. S. A. Orlando Conference
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | Aug 6, 2013 | News, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
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.
Underwriters have for decades consulted detailed actuarial tables that have helped them serve as gate keepers for insurance companies. Specifically, there was to some degree an element of human involvement in this process — that could work in a staffing client’s favor.
The combination of the emergence of big data over the last few years, and the insurance industry experiencing under preforming investment portfolios, has resulted in insurance carriers changing their traditional underwriting methods. Now, they believe by removing the human element in the underwriting process, they will experience greater returns in their workers compensation portfolios.. Here is an article that explains this change.
http://www.businessinsurance.com/article/20130113/NEWS04/301139979
This may be one reason why staffing companies are turning more and more to Professional Employer Organizations ( or PEO’s ) to meet their workers compensation and back office needs. To be sure, PEO’s use insurance carriers like everyone else, but they usually are allowed to take on more risk because of their significant financial relationship with the carrier. In fact most PEO’s have millions of dollars in deposits with their carriers. Most staffing companies of course can not afford these types of deposits.
Let’s talk about how a PEO can help solve your workers compensation challenges. 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
Visit Work Comp Staffing Solutions at Booth 104 at the A. S. A. Orlando Conference
by David Schek | Jul 25, 2013 | News, Workers Comp, Workers' Compensation Insurance
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.
— Download Whitepaper
I would enjoy speaking to you about identifying least expensive workers compensation solutions. Please feel free to contact me at davidstaffing@gmail.com or 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
Be Sure to Visit us at Booth 104 at the ASA Show
by David Schek | Jul 23, 2013 | News, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
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. These facts are documented in multiple workers compensation studies from the NCCI as well as academic institutions and large workers compensation health agencies.
For example, in the article below, the author cites one example “where a worker weighing more than 300 pounds sprained an ankle. Even though he was in his mid-20s, the worker’s treatment dragged on for seven months without reaching maximum medical improvement, despite physical therapy and light-duty job.”
http://www.businessinsurance.com/article/99999999/NEWS080104/399999789?tags=|331|329|304|92
In addition the author follows up with an insightful observation that cases like this one involving an obese person “presents an additional challenge for workers comp managers because the longer an injured worker is away from the job, the greater risk they will “decondition” and gain additional weight, making it even harder to help them return to work, several sources said.”
Clearly this is a complicated health issue with wide scale implications for workers compensation costs– especially for light industrial staffing companies. Americans are becoming more obese with each passing year and light duty is often hard to cost effectively coordinate.
A more positive trend among light industrial staffing companies this year is the use of Professional Employer Organization (PEO’s) to help them decrease their use of expensive State Funds and eliminate the need to pay for internal administrative staff. This increased efficiency helps staffing companies focus more on the sales and servicing of their clients.
For a FREE PEO quote from a PEO broker with 25 years of staffing industry experience, and who has seasoned relationships with PEO’s that specialize in partnering with light industrial staffing companies, contact me at davidstaffing@gmail.com or 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
