Around 27% of U.S. workers quit their jobs in 2023, which, according to a common turnover calculation, cost employers nearly a trillion dollars to replace. Unfortunately, turnover is expected to climb this year, and labor experts predict another form of the “Great Resignation” to take...
Companies may need to work with professional employer organizations (PEOs) to obtain contract workers for several reasons—whether it’s to account for their seasonal production periods, fulfill large contracts or secure contract-to-hire positions. Yet, before using a PEO to acquire employees, it is important for employers...
Commercial General Liability (CGL) insurance is a type of policy designed to protect your business from financial loss due to lawsuits and other claims arising from your operations. Here’s a closer look at its coverage and how it relates to third-party bodily injury: Coverage Overview:...
Testimonials from satisfied clients can establish credibility and trust with prospects who are considering your PEO. Real life stories from happy customers can help candidates feel more confident in their decision to choose you. However, asking for a recommendation must be done with diplomacy and...
[et_pb_section fb_built="1" _builder_version="4.16" custom_padding="||0px|||" global_colors_info="{}"][et_pb_row _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text _builder_version="4.24.3" text_text_color="#000000" background_size="initial" background_position="top_left" background_repeat="repeat" custom_padding="0px|||||" global_colors_info="{}"]A Workers' Compensation Panel of Physicians can significantly impact the recovery and return-to-work process for injured employees. When employees know that their employer has...
The current federal minimum wage rate is $7.25 per hour. However, most states have adopted minimum wage rates that are higher than the federal rate. When both the federal and state rates apply, the higher rate will prevail. Important Dates: January 1, 2024: The minimum wage rate...
Six ways workers' compensation brokers help companies save money. Workers' compensation brokers play a crucial role in helping companies save money in several ways: Expertise in Insurance Market: Workers' compensation brokers have in-depth knowledge of the insurance market. They understand the complexities of workers' compensation policies, coverage...
Audits can be daunting for businesses. An IRS or insurance audit or a vendor needing records can be a stressful experience. However, as long as you’re prepared, there is no need to dread an insurance premium audit. This article discusses what a premium audit is, which...
Prescribing Patterns for Drugs Have Mitigated Work Comp Medical Cost Increases A recent report by the National Council on Compensation Insurance (NCCI) found that changes in prescribing opioids have impacted drug costs and cost trends for prescription drugs in workers’ compensation claims. Prescription drug costs are a large...
The best way to avoid paying fines for violating Occupational Health and Safety Administration (OSHA) standards is to always be prepared for an inspection. Since an OSHA officer has no obligation to inform an employer of the inspection ahead of time, the visit will usually...