|
Author: Lance Winslow Article source: http://www.wealthlimited.com/. Used with author's permission.
The Workers' Compensation situation in this country is unbelievable. Why, well because of lawsuits and attorneys mostly. The costs of workmen's compensation on the business community is part of the reason for the slow return of high paying blue collar jobs in this country and the demise of the manufacturing sector. The system covers some 122 million workers nationally, but it is regulated state by state, not nationally and there is nothing close to being a Federal Oversight on this, not that I or anyone else cares to add another layer of bureaucracy to an already broken system.
You can imagine the burden of the franchising community to provide jobs and the incredible problems faced by franchisees. The average cost on a national level has risen 50% in the last 3 years. This means that the poor employer is stuck, do they hire fewer people and assign more work, go out of business or cheat. Actually none of these options seem to be worthy of assisting in attaining the elusive ROI or profit that all business owners and franchisees seek. The prices in California have risen so fast that the costs of workmen's compensation have doubled in the past three years. That is 200%. We recently talked to one company which builds Car Washes and Quick Service Restaurants Franchise Tennant Improvements and C-Stores, who indicated to us his workmen's compensation costs in Los Angeles were running 110% of payroll? WOW. This is serious, it is due to run away lawsuits, we need tort reform.
This is one reason that Maurice "Hank"Greenberg of AIG Insurance Groups said that Lawyers are Terrorists, this is why Elliot Spitzer targeted him personally. Well, I could not agree more personally and have never heard not one debatable comment from any one in the legal profession, which sues employers. California is working on their problems and is making some progress as you might have seen on TV or in the newspaper: It's About time reform for workers compensation:
http://www.bizjournals.com/sanfrancisco/stories/2004/04/12/daily50.html?f=et78
We understand the issues with labor in many industries and why we need safety and assistance for those hurt on the job:
http://www.carwashguys.com/080902_3.shtml
But I must tell you that it is a real hardship on businesses to deal with this. Good to see Arnold is working on it. Glad to see we are working to fix the problem. But essentially this is merely a start of the fixing of the over all problem in America. The premiums started a huge upward hike and accelerated the already fast pace in increased costs after 9-11 when the Insurance Industry took unexpected hits of 40 Billion dollars. The other factor increasing costs is the medical industry getting hammered by lawsuits for mal practice. The improvements in safety and added restrictions have decreased work related injuries. A reduction in worker eligibility for benefits has led to a decrease of 36% in compensation claims in the last 10 years. Unfortunately the costs per claim have doubled to an average of $15,000 in the nation and in California $35K. In the 1900s when the compensation ideas were started they were to reduce litigation and disputes. Of course once you make one law, you have just given yourself job security. Due to the fraud of lawyers, chiropractors, criminals and doctors working together billions in fraud has been stolen from businesses over the years.
Joe, goes to a lawyer who has a friend who is a Chiropractor. Joe says he hurt his arm to the lawyer and Chiropractor or doctor expert confirms this, they file suit and document the extent of injury and how many days Joe should be out of work and charge their hefty fees to the deal. All this is fraudulent, as Joe was seen skiing in Aspen, Water Skiing in Lake Mead, Sky Diving in Phoenix, Sport fishing in Baja, Para sailing in Key West, mountain climbing near Jasper, Canada and riding his dirt bike in TX. And you think you have a chance owning a Burger Franchise in CA with 41 employees? NOT. We are glad to see things are changing, but it cannot possibly happen fast enough. Want some books on this subject?
http://www.amazon.com/exec/obidos/tg/detail/-/0815328273/103-4667935-9891039?v=glance
Maybe CA is getting their act together, maybe a franchise in CA might be feasible with out getting your pants sued off. We are happy to see that Arnold the 'Governator' is terminating bad laws and policy in CA, the question is; is anyone else listening and are they going to do anything about it? "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
Pay-Per-Click Search Advertising Comes First
There are a variety of advertising options available to online business owners small and large. There's traditional banner advertising, text ads of both static ...
Optimizing Online Catalog Copy for the Search Engines
It only makes sense. You have an e-commerce catalog site. You want lots of visitors to come to your site and buy. The best (and most cost-effective) way to do...
Planning for Those Holiday Meals
If this is the year that you have been chosen to prepare Thanksgiving dinner for the entire family you may be feeling overwhelmed. But, as long as you prepare...
Change Jars: Your Ticket to Getting Rid of Your Debt
Many people have trouble budgeting - they get into debt, and they just can't find a place that they can cut out the spending. If you're having trouble doing thi...
Refinish Your Hardwood Floor Like a Pro
Anyone can refinish a hardwood floor with a good back, but these are
some tips that will make it easier task and a more beautiful floor.
Pumpkin – A Super Food!
Think of the word pumpkin and images of jack-o-lanterns and whipped cream covered Thanksgiving pies will probably pop into your mind. Pumpkin is traditionally c...
Tax Help - Girls (and Guys) Just Want to Have Fun by Using Tax Saving Tips
Learn how to make your fun tax deductable while using tax savings.
Planning a Fondue Party
Fondue can be an intimate dinner for two or a fun interactive party for a group of friends. When planning a fondue party you should plan for either a sit down ...
The Swank Meter - What Does Hilary Swank Have to Do With Page Rank?
Some of the Top Internet Marketers will tell you that Name
Branding is key to earning Money online. We all can't be
Oscar Winners like Hilary Swank so we need...
Why Contract the Services of a Professional Pet Sitter for Your Dog?
A Professional Pet Sitter provides in-home pet care while you?re away. Keeping your dog at home helps maintain his normal eating and exercising routines. It a...
Counter-Offers: Do They Merit Consideration?
A counter-offer can be very enticing when faced with the choice of moving into a brand new work situation or maintaining the status quo. It certainly can be ve...
The Perfect Little Coffee Shop: Are You Afraid of Failure? Are You Letting that Failure Cripple You
Well, I was reading through some interesting information on the internet today. And, it taught me a few things as an internet marketer. First, when you are lo...
You Can Bank on It
Most U.S. citizens walk into, get online to, or drive up to their bank several times each week and hand over their hard earned dollars. Why do they do it?
How To Install A Home Water Purifier
Installing a home water purifier is easy! You can easily install an under the counter water cleaner or a water purifier that attaches to your faucet. Enjoy the...
Increase Sales and Improve Customer Service: Tips for Organizational Stress Management
Your best employees could be better! Follow these tips for a better oganization and get the very best out your personnel. All these tips come from interviews wi...
Burmese Shrimp Cake Recipe
Little pounded shrimp balls seasoned and fried till lightly brown. This dish is quite popular as a finger food and is also a good accompaniment to a variety of ...
15 Quick Tips for People Who Dont Like to Exercise
We've all had days when we don't have the energy to tie our athletic
shoes, let alone bounce around in them. But exercise can give a daily
blast to your mind,...
Loyal Customers Take Commitment
In today's competitive world of retail, many stores are implementing external marketing programs designed to attract new business. Unfortunately, the cost can b...
A Compost Primer
Most gardeners and landscapers will agree almost unanimously that the single best thing you can do for your lawn is to add compost. Good, organic compost can re...
How to Write Testimonials that Sell CDs Like Magic
"Which is your best CD?"
Credit Counseling – Get in Line Now to Avoid the Upcoming Rush
A combination of factors will soon result in a stampede by consumers to obtain credit counseling. If you need it, you should seek it out now.
Be Aware Of Your Reasons
You have decided that you want to lose weight and improve your health. What is the first step? Start by asking yourself what your reason(s)is for wanting to mak...
5 Tips To Select The Best Wedding Reception Location
Being disc jockeys, we get the opportunity to evaluate many reception facilities while having little or no bias to "sell" one location over another. Most Brides...
Burning Bridges is Bad, But Firewalls are Good
When you signed up for that ultra-fast DSL or Cable connection there was probably one very important piece of information that your ISP failed to mention. By ac...
|
Print this page