Labor Costs Rising? It’s Just the Way it is, Right?
We’ve met hundreds of employers in California that have reached the point where they were contemplating relocating their business to another state to find relief from staggering increases in employment-related expenses. Key labor expenses continue to increase and show no signs of changing trajectory. It’s a surging cost wave that can be devastating to your business. Business plans, marketing strategies, equipment upgrades, and competitiveness can all be stifled as all available cash is thrown at the “cost beast”. Layoffs, reduced work hours, payroll and benefit cuts, and other standard management countermeasures serve only to worsen the morale of the employees and fuel the potential of another round of costly turnover and claims.
We’re excited to share with you one key insight and model that could change this for your business. It’s called Claims Cost Sharing and the Total Employment Solution.