by David Schek | Feb 24, 2014 | News, Staffing Company, Workers Comp, Workers' Compensation Insurance
There has been a lot of news recently about the Federal and various State Governments increasing the minimum wage to between $8.50 to $10.10. What I rarely hear discussed is that this increase will also raise employers (total payroll tax burden) and workers compensation rates; since workers compensation is based on the hourly wage paid.
For example the increased minimum wage will increase workers compensation costs through higher indemnity payments. This is another reason your workers compensation rates WILL continue to increase over the next few years.
So what can a staffing owner do?
Make the discussion of increasing labor costs a regular topic with clients. I have found that staffing owners that rarely discuss how their labor cost inputs are increasing ( with their clients,) are usually the ones that find themselves with their backs against the financial wall much of the time.
The bottom Line— Maintaining adequate gross profits will be a moving target for the foreseeable future.
Please let me know how you feel about this topic? I really enjoy hearing from you about all staffing company issues.
And when you need to look for a new workers compensation solution please contact me at davidstaffing@gmail.com and visit our web site 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
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | Feb 17, 2014 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Here is a link detailing the 6.8M in humongous bonuses that California State Fund Managers and Executives have received while having approved 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.”
A Professional Employer Organization (PEO) that has to keep their rates low (and levels of service high) in order to earn your business every day, is a perfect solution for your workers compensation challenges– so you can leave your State Fund behind.
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
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | Feb 10, 2014 | News, Workers Comp, Workers' Compensation Insurance
First the good news, your clients workers compensation rates are going up. Now the bad news, workers compensation rates are increasing faster for staffing companies, and most insurance companies are less eager to underwrite staffing policies than they were in 2013.
Many of the staffing owners I speak with each week, tell me that they feel they are in a workers compensation vice that is driving them “insane.” For example, even if they can get a direct /private policy, rates are still high, deposits are large and increasing, and they awake each day feeling they are one accident away from getting terminated by their carrier.
Here is a good article with helpful suggestions to deal with the “workers compensation insanity” you may be feeling.
— http://ehstoday.com/safety-leadership/dealing-insurance-insanity-2014?goback=%2Egde_110114_member_5836877657001705474
The article suggests that you use best practices for managing your workers compensation in order to decrease your “insane feelings.” You should consider:
a) doing thorough due diligence when hiring employees.
b) conducting comprehensive training programs,
c) making sure that injured workers return to work as soon as possible, and
d) maintaining great communication with the injured workers at all times.
In this challenging environment you need to consider all the various work comp options to keep their rates low. For example, many owners in the last 24 months have found Professional Employer Organizations to be great partners that will reduce the stress and insanity of workers compensation.
Please feel free to contact me for a workers compensation quote at davidstaffing@gmail.com and visit our web site 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
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | Feb 5, 2014 | Consulting Services, Staffing Company, Workers Comp, Workers' Compensation Insurance
Work Comp Staffing Solutions is excited to announce a partnership with
Staffing E- Trainer
Beginning February 1, Work Comp Staffing Solutions is offering all its workers compensation solution clients FREE staffing / safety courses offered through Staffing E Trainer.
Here is their web site link http://www.staffingetrainer.com/
Staffing E Trainer has been working with staffing companies for many years, assisting them with a variety of E training courses. Both Staffing E Training and Work Comp Staffing Solutions feel that it is critical to keep temporary employees and your staff’s up to date with the latest staffing procedures and information in order to operate a “best in class” staffing agency. These E courses could help you keep claims low, and maintain the lowest possible workers compensation rates.
Please feel free to contact me about getting a workers compensation quote, and to discuss how you can take advantage of this special offer.
You can reach me at davidstaffing@gmail.com and visit our web site 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
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | Feb 3, 2014 | Professional Employer Organization (PEO), Staffing Company, Tips, Workers Comp, Workers' Compensation Insurance
By Effectively Using Light Duty Assignments With Your Injured Employees
When I owned my own multi state, 25K+ employee staffing company for 16 years, I often had discussions with my Professional Employer Organization (PEO) workers compensation risk management specialist about how I could control my workers compensation insurance costs. My PEO representative would remind me that the easiest and most direct way to lower my premiums, was to make sure that an injured worker is offered light duty assignments as soon as they get the green light from the medical doctor treating their injury.
Best Practices for using Light Duty Assignments
I followed that advice and always maintained a very low mod. Below is a GREAT article about best practices for using Light Duty effectively.
http://www.workerscompensation.com/compnewsnetwork/workers-comp-blogwire/16339-light-duty-return-to-work-program-implementation-tips.html
After you have had a chance to review this article, let’s talk about other ways to reduce your workers compensation insurance and back office costs by partnering with a Professional Employer Organization (PEO.)
Remember, I am available 7 days a week to help my clients address their staffing workers compensation concerns. Please feel free to contact me at davidstaffing@gmail.com and visit our web site 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
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years
by David Schek | Jan 29, 2014 | News, Staffing Company, Workers Comp, Workers' Compensation Insurance
One of my clients recently mentioned that his workers compensation rates were significantly increasing because of an employee that experienced a major job related accident while texting on a staffing assignment.
Given that nearly everyone has a cell phone these days, I wondered how many of my clients had a specific policy about cell phone usage while on the temporary assignment?
I asked 15 of my clients and found out only a few had included any information in their employee orientation packages or really emphasized this issue with their staff.
Below is a link to an article that may help you formulate a company policy about cell phone usage on the job; and how best to communicate best safety practices to your temporary employee staff.
— http://www.legalzoom.com/assets/legalforms/LegalZoom%20Cell%20Phone%20Usage%20Policy.pdf
With workers compensation becoming more expensive and more difficult to secure and maintain, ALL staffing company owners need to work with their employees to create the safest working environment. By staying current with on the job safety guidelines, you will protect your employees and keep your comp rates as low as possible. .
Remember when you need a workers compensation quote for 2014, please feel free to contact Work Comp Staffing Solutions at www.StaffingCompSolutions.com or directly at davidstaffing@gmail.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.
