All California Employers Should Be Aware …
New Workplace Poster:
Effective November 14, 2011, most private-sector employers are required to post a new notice issued by the National Labor Relations Board (NLRB) entitled: “Employee Rights under the National Labor Relations Act.” NLRB will be releasing the 11”x 17” posters soon.
Workers’ Comp Rates Will Likely Stay Flat for 2012
Workers’ compensation premiums in California, which have been creeping up the past four years, are expected to stabilize in early 2012. That’s a far cry from the early 2000s, when soaring rates touched off a mammoth debate about the cost of doing business in California.
This month, the Workers’ Compensation Insurance Rating Bureau of California actually called for a 1.8 percent cut in premiums. Premiums have risen about 10 percent the past four years, according to the bureau’s statistics. Still, they’re about 60 percent less than their peak in 2003.
Temporary Disability Workers’ Compensation
At the same time, the California Workers’ Compensation Institute released updated information about the cost of temporary disability workers’ compensation claims in California. For claims 12 months old, the average amount of TD paid has risen 11.3 percent (from $5,436 to $6,050), as the average number of paid TD days has increased from 89.8 to 102.5. For claims 24 months old, the average amount of TD paid has increased by 13.4 percent from a post-reform low of $8,158 in AY 2004 to $9,255 in AY 2008, as the average number of paid TD days has climbed from 125.6 to 136.5.
How do you control these TD costs? Use a proactive Return to Work Program, and aggressive use of your Medical Provider Network. If you help with these issues, just contact me.
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