Get help assessing your worker’s compensation claim history so you don’t ruin your bottom-line this year. Here’s how. As a large business executive, you may be considering the use of a PEO to help mitigate your workers’ compensation risk exposure. In today’s market, large companies are requesting assistance from their PEOs to determine their worker’s compensation loss potential and whether self-funded types of insurance programs are right for them. Savvy Professional Employer Organizations have developed specialized services that cater to this topic, specifically to large businesses. Your company may be utilizing a self-funded, or partially self-funded, workers’ compensation insurance program in an attempt to secure cost savings. These programs provide large clients with a cost saving alternative to traditional insurance. This means you are retaining a portion of the risk of loss from claims expenses rather than transferring the risk to the insurance company. With the wrong circumstanc ...

Benefits of Performance Appraisals include Compliance Protection A performance appraisal system, when properly managed, provides you with a means of measuring, maintaining, and improving your employee’s job performances. Through the job performance appraisal program, your company can: Validate hiring decisions Recognize employees' job performance strengths and weaknesses Identify employees who are ready for promotion or greater responsibilities Assess training needs From a compliance perspective, you should be able to rely on performance appraisals to justify the full range of personnel decisions, including discipline and termination actions. For example, if a performance appraisal reflects poor job performance by the employee and this employee is later terminated, the you can point to the performance appraisal to show the employee was not performing to standards. If, however, an employee with overall weak performance is given a good or even average appraisal, an ...