Remove workers
article thumbnail

Commissioner Orders Benchmark Workers’ Comp Rate Reduction

InterWest Insurance Services

Another analysis performed in early 2023 projects total savings from biosimilars to range from $125 billion to $237 billion between 2023 and 2027. One report estimates that the savings generated by biosimilars in 2022 was $9.4 billion in the United States.

article thumbnail

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. Bill does not affect existing offsets between workers' compensation and Social Security disability benefits. Annual COLA adjustments begin July 1, 2025.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Employers with 25 employees or lower will be expected to pay workers $17 per hour. If the minimum wages increase, workers will be able to gain higher purchasing power and access to more resources. per hour in 2025.

Food 52
article thumbnail

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

Workplace Insight

The employment of data analysts and scientists, big data specialists, AI machine learning specialists and cybersecurity professionals is expected to grow on average by 30 percent by 2027. Six in 10 workers will require training before 2027 but only half of employees are seen to have access to adequate training opportunities today.

article thumbnail

Volkswagen Targets €4B in Cost with Wage and Bonus Cuts Amid Economic Pressure

HR Digest

Meanwhile, Volkswagen workers have criticized the carmaker management for not presenting a clear future strategy. Since early October, Volkswagen’s management has been meeting weekly with worker representatives from its German plants, analyzing where cost cuts can be made and which models will be produced at each location.

Bonuses 52
article thumbnail

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.

article thumbnail

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. For now, the 35k overtime salary threshold remains as it was before the DOL attempted to increase it to $43k.