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Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. Employers said they are looking to manage growing group benefit costs without shifting costs to employees, as they realize that their staff are likely
Cell phones make our lives easier, but they can also be a distraction. More and more employers are banning cell phones in the workplace because they are distracting enough to be a serious safety issue for workers. The Digital Distraction & Workplace Safety study, issued by Screen Education, reported that survey 14% of employer respondents
Workers’ compensation insurers are grappling with covering claims for workplace COVID-19 infections that develop into long COVID, as those claims may stay open for years in some cases. For companies in states that adopted laws requiring workers’ comp insurers to cover claims for employees who contracted COVID-19 in the workplace, a long-COVID claim can become
After two years of massive rate increases, cyber insurance market pricing has been softening and transitioning into a buyers’ market, according to a new report by Aon Plc. In 2021 and 2022, 100% rate increases for cyber liability insurers were common, but a number of factors are finally starting to drive rates lower. Experts recommend
Thanks to the supply-chain disruptions in the past few years, many companies quickly learned the need for planning ahead and having contingency plans in place if a key parts, merchandise, or other inputs fail to show up at your doorstep. However, many companies also face internal supply chain risks, and one of the biggest ones
The Equal Employment Opportunity Commission has issued new guidance on how employers can properly use software, algorithms and artificial intelligence-driven decision-making tools when screening job applicants and selecting candidates. The EEOC has grown concerned about possible adverse impacts of these technologies that can help employers with a wide range of employment matters, like hiring decisions,
The Americans with Disabilities Act, now more than 30 years old, requires employers to make reasonable accommodations for employees with disabilities. Many employers may be concerned about the cost of making those accommodations. However, a recent government study shows that the costs are typically minimal or non-existent. The report, from an office of the U.S.
You may be considering taking on some extra workers for the summer months, and often many employers will gravitate towards hiring teenagers looking for temporary work. If you are planning on hiring any workers under the age of 18, you should familiarize yourself with federal and any state laws on child labor restrictions. The Fair
Would you like to make more money? If your answer is yes, your path may well be a differential pricing policy matching your price to the customer with their relationship with you. Do they see you as their valued resource or the low bidder? Clearly, all customers are not the same, and you should take
Every year, hundreds of workers in the United States die because they don’t follow lockout/tagout procedures or their employers did not have them in place – or, if they did, failed to enforce their rules. A lockout tagout is a protection system against unintentional exposure to hazardous energy from equipment and machinery. You want a program
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