Category
HR Costs
What Is an ICHRA and Why Small Businesses Are Turning to It
As health insurance costs continue to climb, many small business owners are searching for alternatives to traditional small group health plans. One option growing in popularity is the Individual Coverage Health Reimbursement Arrangement (ICHRA). An ICHRA is an employer-funded benefit that allows businesses to reimburse employees tax‑free for indi...
Identifying and Preventing Workers’ Comp Fraud at your Company
A properly working workers’ compensation program protects both employees and employers. It ensures that individuals who are genuinely injured on the job receive the care and support they need, while also safeguarding the organization from misuse. To maintain this balance, it’s important for employers to stay aware of patterns that experts say m...
10 Ways ChatGPT’s Paid Version Can Improve Your HR Department
Human Resources professionals are expected to juggle recruiting, onboarding, compliance, training, and employee relations—often with limited time and staff. Discover how ChatGPT’s paid version can transform Human Resources efficiency—helping HR teams automate routine tasks, improve communication and focus on people-first activities. Here are ...
Florida Work Comp Rates Heading Down in 2026 – 6.9% Cut Recommended
The National Council on Compensation Insurance (NCCI) is recommending that the Florida Office of Insurance Regulation reduce workers’ compensation rates by an average of 6.9%, starting Jan. 1, 2026. NCCI is the nation’s most comprehensive source for workers’ compensation data, insights and solutions. It is a licensed rating organi...
2024 Florida Workers’ Compensation Rates Decrease 15.1%
Effective January 1, 2024, Florida employers will receive another overall workers’ compensation rate decrease – 15.1%. In late 2023, after recommendations from the National Council on Compensation Insurance (NCCI), the Florida Insurance Commissioner issued a final order reducing rates in Florida. This is the seventh consecutive annual d...
Open Enrollment Trends in 2023
Here are some general trends that have been observed in recent years that continue to influence Open Enrollments for employers in 2023. Open Enrollment trends in 2023, it’s advisable to consult industry reports, insurance providers, Increased emphasis on digital enrollment: With the growing reliance on technology, more employers and insurance...
IRS Increases Standard Business Mileage Rate to 62.5 cents per mile
High inflation and soaring gas prices caused the IRS to make a mid-year adjustment in the business mileage rate. Effective July 1 through Dec. 31, 2022, the standard mileage rate for the business use of employees’ vehicles will be 62.5 cents per mile—the highest rate the IRS has ever published—up 4 cents from the 58.5......
Non-Working Employees Payroll and Work Comp Premium Calculation
As employers are struggling to maintain business operations, or are confronting a full or partial shutdown, every cost and expense is being closely scrutinized. The organization that regulates workers’ compensation rates, NCCI, recently published some FAQs for employers and carriers about the COVID-19 situation. Individual states will app...
Florida Unemployment Questions about COVID-19 Situations
As the Coronavirus situation continues, employees are laid off and/or take paid sick days, there are many questions about how these situations affect Florida unemployment benefits (called “RA benefits”). The Florida Department of Economic Opportunity (DEO) operates the Reemployment Assistance Service Center and CONNECT website that processes ...
18 Actions to Lower Workers’ Comp Rates for Florida Contractors
From our work with Florida construction companies and specialty trades in the last ten years, we have identified 18 proven action items that will shrink the risk of costly workers’ compensation claims and lower the mod rate of Florida contractors. Here are the top four actions that will make a difference: Improve the hiring process......
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