On June 20, 2024, the Occupational Safety and Health Standards Board approved California Code of Regulations, Title 8, section 3396, “Heat Illness Prevention in Indoor Places of Employment”. This standard applies to most workplaces where the indoor temperature reaches 82°F. It establishes required safety measures for indoor workplaces to prevent worker exposure to risk of heat...
Employers will likely face an increase in workers’ compensation claims in light of the U.S. Labor Department’s May 2024 report indicating the country added 272,000 new jobs. “New employees not only equal more workers’ comp premiums, they are significantly more likely to incur a claim,” Joe Paduda, owner of Health Strategy Associates, said in an interview with PropertyCasualty360.com. “Jobs in health care and...
As talent acquisition continues to evolve, staying ahead of the curve is crucial for organizations aiming to attract and retain top-tier talent. Last year highlighted labor shortages, looming retirements and a demand for evolving skills. As 2024 begins, the traditional hiring approaches are being reshaped by technology, remote work dynamics and shifting employee expectations. This...
What does inflation have to do with healthcare? As far as consumers are concerned, just about everything. The cost of healthcare is not immune to historic levels of inflation: A recent report by WTW predicts that global healthcare benefit costs will jump 10% in 2023. Coupled with rising consumer prices, and unaffordable healthcare can have troubling and swift...
Despite all the headlines about layoffs hitting Silicon Valley and Wall Street, most employers will be feeling the tailwind of the war for talent in the new year. The labor market has remained stubbornly robust in the face of recession forecasts and the Federal Reserve’s campaign to raise interest rates. Hiring is especially competitive for small businesses. More...
No matter the time of year, when business owners think about the common risks involved with owning a business, the safety of their employees should always be top of mind. However, the summertime can bring unique hazards, with its soaring temperatures, busy travel times and potential for strong storms. In the summer, it’s important that employers take...
According to Dun & Bradstreet, in Q2 2022, the Global Business Impact (GBI) score increased to 315, up from 297 in Q1 2022. The GBI ranks the biggest threats to business based on each risk scenario’s potential impact on companies, assigning a score to each risk. As businesses continue to acknowledge the rising risk landscape, it is...
The U.S. inflation rate has increased by 8.3% over the last year, according to the Bureau of Labor Statistics (BLS). This has led to significant price increases across various consumer goods as well as employee benefits such as health insurance. In fact, one-third of U.S. employees have already seen an increase in their health costs...
The number of Americans who filed for jobless claims exceeded 1 million last week, but it was down slightly compared to the previous week, the U.S. Department of Labor (DOL) reported on Thursday (Aug. 27). “There’s lots of pain out there,” Jared Kushner, senior White House advisor to his father-in-law, President Donald Trump, told CNBC. “But...
5 WAYS COVID-19 IS RESHAPING HR The coronavirus (COVID-19) pandemic has upended the entire world, it seems. With fluctuating infection rates and conflicting official guidance, organizations will need to adapt quickly if they want to succeed in the post-coronavirus landscape. HR teams stand at the forefront of these efforts. For years, HR departments have...