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Commissioner Orders Benchmark Workers’ Comp Rate Reduction

InterWest Insurance Services

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. Another analysis performed in early 2023 projects total savings from biosimilars to range from $125 billion to $237 billion between 2023 and 2027.

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Around a quarter of jobs will shift over the next five years, WEF report claims

Workplace Insight

Its Future of Jobs Report for 2023 suggests that employers anticipate 69 million new jobs to be created and 83 million eliminated among the 673 million jobs corresponding to the dataset, a net decrease of 14 million jobs, or 2 percent of current employment. The fastest growing roles are being driven by technology and digitalization.

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OSHA Updates HazCom Standard

InterWest Insurance Services

OSHA said it had updated the HazCom standard “to better protect workers by improving the amount and quality of information on labels and safety data sheets and allow workers and first responders to react more quickly in an emergency.” 19, 2026, while those that evaluate mixtures will have to comply by July 19, 2027.

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Bill Proposes to Increase Benefits for Some Injured Workers and Dependents

Workers' Compensation

Assemblywoman Dawn Fantasia filed the legislation to institute additional workers' compensation supplemental benefits on June 13, 2024, and Assemblyman Inganamort co-sponsored it. Benefit amount is reduced by some Social Security benefits and employer disability pensions. The increase is designed to keep pace with inflation (COLA).

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Despite the Time and Cost, Why Does a College Degree Matters?

HR Digest

Many employers require a college degree for certain positions, and a degree can make candidates more competitive in the job market. According to the Bureau of Labor Statistics, in 2021 , “the median weekly earnings for workers with a bachelor’s degree was $1,334, compared to $899 for those with a high school diploma only”.

Education 101
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California Offers to Hike Minimum Wages to $18 From 2025

HR Digest

Workers are happy about the proposal but the decision is a lot harder on business owners. The minimum wage vote in California has been met with resistance from many who believe it would upset the balance of the economy and cause employers to cut down on the number of jobs they can offer, due to the higher expenses on wages.

Food 52
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DOL Overtime Rule Struck Down, Another Big Change for Employees

HR Digest

A Texas federal judge struck down the DOL overtime rule on Friday, which means over 1 million workers could lose the overtime pay and salary hikes that they gained with the additional compensation with the DOL’s policy. This regulation was brought into effect in July and employers were expected to prepare for the next adjustment in 2025.