by David Schek | Jun 2, 2016 | Workers Comp, Workers' Compensation Insurance
I hope all staffing owners had a restful Memorial Day holiday. The Holiday gave me some time to reflect on the importance of a workers’ compensation loss history report to a staffing company.
In the news these days we see many commercials about the importance of our individual credit reports. We are told, rightly so, how a good credit score will help us secure lower cost mortgages, lower cost life insurances policies, and better terms on car loans. Things that make a difference to most folks in their personal lives.
In the staffing world, a company’s workers compensation loss history/ report is equally important. It is a part of your business that needs to be protected and developed as much as possible. A poor loss report will result in higher rates and, consequently, lower profit margins. In fact, a really poor work comp history can result in rates so high that you cannot afford to stay in business. Every day I quote staffing companies with a broad variety of loss histories, and see how much their rates (with the same codes and the same states) can vary from quote to quote.
In my weekly blogs, I write about best practices, so all staffing owners can develop a positive workers compensation history, enjoy lower work comp rates, and have access to the best workers/ lowest cost compensation programs. The programs range from PEO (professional employer organization) programs to EOR (Employer if Record) programs to direct policy programs. From programs with no deductibles to programs with high deductibles. My clients use different programs to get the best rates. But all these programs are based on my clients having (or building) a good work comp history.
Please feel free to contact me at David@StaffingCompSolutions.com, call at (202) 302-1212, or visit our site at www.StaffingCompSolutions.com to learn more about best workers’ compensation practices for staffing companies.
Sincerely
David Schek
President
StaffingCompSolutions.com
by David Schek | May 26, 2016 | Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
Litigation against employers has spiked within the last 20 years, and it will likely get worse as expanding labor regulations give employees more tools with which to sue. Discrimination suits connected to wrongful termination drive litigation costs frequently to the detriment of employees. As the article below explains, with so much being paid to lawyers, there is less money available for wages and benefits.
https://www.dol.gov/_sec/media/reports/dunlop/section4.htm
For staffing firms, this is money out the door. It doesn’t even include the cost of workers’ comp claims, which also must be litigated by defense attorneys, whether they have merit or not. Lawyers always win. Partnering with a Professional Employer Organization (PEO) or EOR can help control these costs.
PEOs not only keep employers informed and up-to-date regarding the rules and regulations, they can also assist in designing administrative dispute resolution programs that meet state and federal standards. Avoiding an onerous court battle can effectively benefit the employee while holding down the cost of business.
Work Comp Staffing Solutions can help introduce you to the best PEO’s and work comp specialists.
Visit our web site at www.StaffingCompSolutions.com, call us at 202-302-1212, or email us at david@StaffingCompSolutions.com for more information about all our staffing and workers’ comp offerings.
Sincerely,
David Schek
President
StaffingCompSolutions.com
by David Schek | May 19, 2016 | Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
BIG NEWS for staffing companies when judging a client’s workers’ comp risk
Starting in 2017 The Occupational Safety and Health Administration (OSHA) will require your clients to have their internal reports of work injuries and illnesses posted to a public website. Despite the pushback from some clients, who consider it “shaming,” this should prove a benefit to staffing companies. The public website posting would apply to your clients in hazardous industries, which comprise a fairly long list, including manufacturing and construction. In other words, occupations that many staffing agencies provide for their light and heavy industrialized clients.
Some staffing clients are not happy about injuries being made public, and one possible impact will be that some clients may STOP sending their high-risk positions through staffing agencies. A HUGE PLUS FOR KEEPING YOUR WORK COMP RATES LOW. Traditionally some clients would transfer the risk to a staffing company without having to address their safety issues. But thanks to the OSHA public reporting, staffing companies will be able to better price the risk and adjust their workers’ comp rates accordingly.
Finally this may be a huge opportunity to reach out to your clients and provide safety workshops and seminars so their work places become safer environments for their permanent employees and your temporary employees. A real win-win.
Your workers’ comp carrier including your professional employer organization (PEO) can help you leverage this information to properly price your risk and maintain your level of safety.
Visit our web site at www.StaffingCompSolutions.com, call us at 202-302-1212, or email us at david@StaffingCompSolutions.com for more information about all our staffing and workers’ comp offerings.
Sincerely
David Schek
President
StaffingCompSolutions.com
by David Schek | May 12, 2016 | Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
Accidents happen. Even in the safest workplaces, everyday hazards can lead to serious injuries. Despite headlines that describe tragic industrial accidents, it might surprise most employers that slips, trips and falls, usually avoidable, can cause the most serious work injuries and even permanent disability.
These types of injuries can cost employers hundreds of millions a year and result in lengthy recovery times for employees. Something as minuscule as a spill or an un-even surface can lead to a slip or trip. A serious fall can cause back and neck trauma, not to mention a possible concussion.
As an employer you have an obligation to maintain a safe work environment and remind your permanent and temporary employees about every day safety hazards. This includes telling employees to be aware of their surroundings and act accordingly if there is a potential safety issue. The video below shows everyday hazards that employees might tend to ignore at their peril and those of their colleagues.
https://www.youtube.com/watch?v=HD1e3uc_eQE
While this video tries to drive this home in a light-hearted manner, the hazards are real and should get your employees thinking about what they can do to maintain a safe workplace, even if all it takes is picking up a broom. Your workers’ comp carrier, including your professional employer organization (PEO), can help you instill a culture of safety within your temporary workforce. Work Comp Staffing Solutions can introduce you to the best PEO’s and work comp specialists.
Visit our web site at www.StaffingCompSolutions.com, call us at 202-302-1212, or email us at david@StaffingCompSolutions.com for more information about all our staffing and workers’ comp offerings.
Sincerely
David Schek
President
StaffingCompSolutions.com
by David Schek | May 5, 2016 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Sometimes our temporary employees can forget that even though a job is temporary, a work comp injury can be permanent and last the rest of their lives. Lack of training, attentiveness, and failure to follow safety protocols can lead to the more severe injuries.
All staffing companies should demonstrate best practices and have a thorough/comprehensive safety program to eliminate or reduce workers compensation injuries. A picture, or several, is worth thousands of words. Below is a link is to a short (and very graphic) video that reminds temporary workers of the possible permanent consequences of a work accident.
https://www.youtube.com/watch?v=x5ZSDiEJruI
While I appreciate this video is very graphic regarding the consequences of work accidents, if you share it with your temporary work force, it may scare them into safe work habits and practices that will last a lifetime. Your workers’ comp carrier including your professional employer organization (PEO) can help you instill a culture of safety within your temporary workforce.
Visit our web site at www.StaffingCompSolutions.com, call us at 202-302-1212, or email us at david@StaffingCompSolutions.com for more information about all our staffing and workers’ comp offerings.
Sincerely
David Schek
President
StaffingCompSolutions.com
by David Schek | Apr 28, 2016 | Staffing Company, Workers Comp, Workers' Compensation Insurance
The Newest Recruiting and Staffing E-Platforms Can Eliminate Payroll and Workers Compensation Costs– Just ask UBER
As a staffing workers compensation specialist for almost 30 years, I try to stay current on trends in the staffing and work comp industries. A huge cost savings advantage for a staffing company that UBER has pioneered, is the use of sophisticated E platforms for recruiting and staffing.
Some staffing companies and their clients are already using “Uber like “sophisticated E platforms to replicate the UBER business model. As a result of the UBER business model, the workers are classified as Independent Contractors, which lowers payroll costs and increases profits for the staffing company.
My suggestion is that all staffing owners should start to learn about these highly advanced staffing E platform providers and determine if this model is right for your company (or a portion of it.) The upside is that you could save 100% on payroll tax and comp costs like UBER does. And maybe become a billion dollar company like UBER.
Please feel free to call me at 202-302-1212 or email me at david@StaffingCompSolutions.com to be connected to one of these highly advanced state of the art recruiting/staffing E platforms. They will be glad to discuss whether their platform can help you and your clients save money and do your business more efficiently.
Sincerely
David Schek
President
StaffingCompSolutions.com
