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WebOne in three employer compensation dollars now goes to benefits
4+ day, 1+ hour ago (295+ words) Benefits now account for exactly 30 percent of what private-sector employers pay per hour worked - $14.07 of a $46.89 total, according to the Bureau of Labor Statistics' Employer Costs for Employee Compensation (ECEC) report for June. Wages made up the remaining 70 percent, at…...
NSW workers compensation premium model faces first review in a decade
1+ week, 6+ day ago (411+ words) Brokers have a formal seat in deciding how New South Wales workers compensation premiums are calculated from 2028, after the state government opened consultation on the first comprehensive review of icare's nominal insurer premium model in more than a decade. Read…...
Taiwan labour insurance hike adds $413m to business costs
2+ week, 5+ day ago (215+ words) More than 10.51 million workers will pay higher contributions next year. Taiwan’s labour insurance contribution rate will rise by 0.5 percentage point to 13% in 2027, reaching the statutory ceiling under the Labour Insurance Act. The increase is expected to raise insurance costs for…...
Florida employers could see a 7.4% average reduction in workers’ comp costs
2+ week, 6+ day ago (429+ words) Florida employers could see another round of decreases in the costs of their workers’ compensation insurance. The National Council on Compensation Insurance (NCCI) is recommending that workers’ compensation rates be reduced by an average 7.4% beginning Jan 1, 2027. NCCI is the licensed…...