Business Strategy Plan Template Fresh from our toolbox is this 5-page template which allows you to simply plug in your own corporate information and logos in order to present your Business Strategy Plan to key stakeholders.
The latest TriNet HR Minute podcast showcases flexible work schedules. Studies show flexible schedules increase employee satisfaction and lessen turnover. Discover how to implement a flexible work arrangement. Host: Ruth Alexander, Director of Human Capital Consulting at TriNet.
The Essential Guide to Workers' Compensation -
Do you understand WC?
In a recent survey by Employers Holdings Inc., 13 percent of small businesses admitted they didn't understand how workers' compensation protects their employees with work-related injuries. Meanwhile, 66 percent reported that they rely on insurance brokers to teach them how the system works.
With companies so ill-informed, it's no wonder that insurance costs are increasing and workers aren’t always getting the best care and coverage. It's important for HR professionals to understand the choices they have and to get the best from their workers' compensation plan.
A Brief History of Workers' Compensation
Businesses in all 50 states are required to offer workers' compensation insurance in order to provide medical coverage for employees injured on the job and to compensate them for lost wages.
The need for workers' compensation first arose during the Industrial Revolution of the late eighteenth and early nineteenth centuries, when manufacturing boomed in Europe and North America. At that time, many factory workers spent 14 to 16 hours per day in deplorable conditions around dangerous machines. Laborers' only recourse was to sue their employers, but that process was time-consuming and had no guarantee of victory. Injured workers often had to cover the costs of their own medical care or rely on public welfare.
Around the turn of the century, new legislation in Europe and the United States began to guarantee benefits to injured workers, protecting both the employees and the companies. Laborers could not file lawsuits if their employers provided the required amount of benefits. Most businesses therefore purchased insurance to cover the costs, and offered the first form of workers’ compensation.
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