Author Archives: StaffMarket

New Department of Labor Rules for Business Owners

Business owners who join a PEO will get an advantage January 2024, The Biden administration issued a new rule Tuesday intended to put more contractors on company payrolls, a change that could reverberate across a range of industries, including healthcare, restaurants, construction and transportation. The rule, which will go into effect in March 2024, would […]

June 2023 Regulatory Compliance Changes for Employers

Form I-9 updated employer procedures and requirements. On May 5, 2023, the U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement released an announcement stating employers had 30 days to comply with Form I-9 requirements after the COVID-19 flexibilities sunset on July ’31, 2023. Employers must ensure that all required physical inspection of […]

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Indiana Congresswoman Addresses Congress about the importance of PEOs for small businesses

On April 17, 2023 Erin Houchin noted to the US congress that May 21 through May 27, 2023 was National PEO week. Here is the text of her address: COMMEMORATING NATIONAL PEO WEEK HON. ERIN HOUCHIN of Indiana in the U.S. House of Representatives – Monday, April 17, 2023 Mrs. HOUCHIN. Mr. Speaker, I rise […]

Florida Work Comp Insurance Rates to Decrease in 2023

On November 7, 2022 the Florida Office of Insurance Regulation Approved an 8.4% Decrease in Workers’ Compensation Insurance Rates for 2023. This decrease will be effective for both new and renewal work comp policies. Florida Insurance Commissioner David Altmaier granted approval to the National Council on Compensation Insurance (NCCI) for a statewide overall workers’ compensation […]

Covid Pandemic Effects on Workers Compensation Insurance costs for Employers

While the impact has yet to be fully understood, it can only be assumed that Workers’ Compensation Insurance carriers who are facing rising costs from lawsuits may be forced to pass those costs on to their customers in the form of higher work comp rates. Recently there have been a number of law firms advertising […]

Proposed Florida Legislation for Employee Leasing – Work Comp

Florida State Senator Keith Perry Is sponsoring a new legislative proposal (SB 820) regarding workers’ compensation insurance coverage provided by employee leasing companies also known as Professional Employer Organizations or PEOs. Regardless of the good intentions of the legislation, if passed this legislation as currently drafted could create more opportunities for workers’ comp fraud. Many […]

California Makes Retirement Plans Mandatory for Employers

The State of California is implementing a phased in mandatory retirement program to improve workers access to retirement savings tools. Employers with five or more employees in California must either offer a qualified employer-sponsored retirement plan or participate in the state’s Individual Retirement Account (IRA) program known as CalSavers, effective June 30, 2022. Qualified Employer-Sponsored […]