by David Schek | Feb 6, 2013 | Healthcare Insurance, News, Professional Employer Organization (PEO)
Here is a good link dealing with Obamacare distributed by HHS. I have to admit as a staffing owner / consultant for 25 years, I have to shake my head in disbelief about how complicated and cumbersome this new government program seems like it will be for our industry.
http://www.dol.gov/ebsa/pdf/faq-aca11.pdf?utm_source=All+Members&utm_campaign=aa1d38b4c4-FAQs+About+Affordable+Care+Act+Implementation&utm_medium=email
Accepting the fact that it will be a financial burden on most staffing companies, the amount of back office administration for employers has probably doubled as a result of this new program.
I encourage all staffing company owners to review these changes with their accountants and determine whether your current back office structure is adequately prepared to manage this new program and the financial risks associated with its’ new taxes and penalties.
Call me today. I will be glad to introduce you to a Professional Employer Organization (PEO) or Employer of Record Service (EOR) that can facilitate a cost effective solution to dealing with Obamacare.
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 | Jan 23, 2013 | Professional Employer Organization (PEO), Tips, Workers Comp
The link/ article below mentions some interesting trends about work place safety. Specifically, the article highlights that companies are using temporary workers to mitigate or negate their responsibility to provide a safe work place for ALL workers.
While the article unfortunately paints the staffing industry in some unfavorable light (which I take strong issue with) it does make some good points about how staffing companies really need to know their clients before placing workers at their facilities
http://www.huffingtonpost.com/2013/01/11/temp-work_n_2456959.html
Please know that when you work with a quality PEO, they can provide expert staff and guidance to help ensure that your clients are following the best practices in safety management.
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 | Jan 14, 2013 | Healthcare Insurance, Professional Employer Organization (PEO), Staffing Company
This link has the latest information on the ACA. This is a must read for staffing company owners.
http://www.lexology.com/library/detail.aspx?g=b76a1e19-0f17-4fb1-b9ff-0ce1e0dd8621
Please feel free to contact me @ 202 302 1212 to see how partnering with a Professional Employer Organization (PEO) will assist you with managing the ACA and lower your workers compensation costs.
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 | Jan 2, 2013 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Many staffing companies that are in the assigned risk or state workers compensation pools are finding that their 2013 premiums are making business much less profitable. In addition, the governmental regulations for the new health care law may significantly add to your administration costs.
Call Work Comp Staffing Solutions at 202- 302-1212 to see if partnering with a Professional Employer Organization can save you money in your workers compensation and administrative areas.
We look forward to saving you money in 2013.
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 | Dec 10, 2012 | Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
Research offers more proof older workers don’t drain comp coffers
A recent NCCI study debunks the myth that older workers cause more workers compensation claims, and thus are more costly and less productive employees.
As temporary staffing becomes an increasingly significant part of the US work force, and older workers become a more significant part of the temporary work force, this is a very positive trend for all of us.
For more details (and a few more surprises) please read the article/ link below.
http://www.riskandinsurance.com/story.jsp?storyId=533352866
And as you begin to think about the New Year, please remember that Work Comp Staffing Solutions works hard to connect you with the lowest cost and the highest quality PEOs. In fact one of our PEO’s offers guaranteed cost programs through Zurich!
Contact us at 202-302-1212 for a work comp quote. We can tell you how a PEO will afford you lower workers compensation rates, and help you manage your Affordable Care Act administrative expenses.
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 | Dec 4, 2012 | Healthcare Insurance, Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
Five reasons to partner with a PEO for work comp
This is a great question that I hear a lot from staffing companies lately. Here are a few reasons that this could be happening to you:
- Insurance carriers are dropping their staffing business clients, and other carriers that are still willing to write staffing companies are raising rates because there is less competition for your business.
- NCCI has changed the methodology that they calculate mod rates effective January 1, 2013. Insurance companies are anticipating this change. Staffing companies with mods above 1.0 will see increases as a result of this new NCCI mod calculation.
- Insurance companies do not see staffing companies as a good risk any more, especially if your premium is not at least 100K a year. Just as you may decide that certain types of clients are too risky from a service or payment perspective, many carriers have come to this realization about staffing companies with respect to risk profiles.
- You may also find that to continue with your current rates you need to pay the carrier a deposit or have a deductible in your policy; which you did not have to do have before. For the carrier this is a way to minimize risk and maintain profits.
- Over all medical costs have increased resulting from accidents in most industries affecting rates. Carriers are nervous about costs resulting from Obamacare/ ACA.
One of the options that more staffing companies are asking about in order to keep their work comp rates low is to partner with a Professional Employers Organization or PEO. A PEO has a portfolio of client companies – not just staffing (sort of like a captive.) So if you do not have a perfect NCCI mod or loss history, you can still find affordable work comp.
Below is a good article that explains how larger companies join captives to control rates increases, which is the same type of risk transfer you can achieve by partnering with a PEO.
http://www.propertycasualty360.com/2012/07/18/companies-turning-to-captives-to-ease-rising-worke?t=captives
Please give us a call at 202-302-1212 and we will be glad to provide a PEO quote for your workers compensation coverage.
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
