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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.

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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.

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

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Equity and ITC agree to pay and financial improvements

Employee Benefits

The Ethical Manager Agreement 2024-2027, which applies to performers, stage management and choreographers in the independent performing arts sector, will see the minimum weekly and daily rate rise by 5% every year during the agreement’s length.

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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. 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.

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

HR Digest

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”. College graduates tend to earn more than those with only a high school diploma, and this trend holds across various professions and industries.

Education 101