Now It's 10 Years Later

Now It's 10 Years Later

Congratulations! Not only have you remained in Nike Shox Deliver business for 10 years you've really prospered. Now instead of just one employee, you have 50. And boy has your business changed. No longer do you just make widgets, you distribute, install, and service them. In fact, you don't really manufacture them at all. Five years ago you decided it was cheaper to outsource the manufacturing part of the business. Throughout this time your agent checked in with you and steadily increased your payroll as your number of employees increased. But she hasn't walked through your facility in 10 years and doesn't understand that your business has fundamentally changed. Therefore, Nike Shox Clearance,you're still paying your workers comp premiums based on a manufacturing rate. Think a manufacturing rate might be higher than a service rate?

Is Misclassification Pretty Rare?

NO! Multiply that by the number of years you've been misclassified and you may begin crying like a baby. The industry consensus is that anywhere from 60%-75% of all companies have some sort of miscalculation figured into their premium.

What Could that Mean to My Organization?

Let's assume that the rate for widget manufacturing is $8 for every $100 of payroll. We'll further assume that 40 of your 50 employees are currently classified as such and as a group represent $1,200,000 of payroll. Your unadjusted workers comp premium for this group would be $96,000 per year. But what if your employees were properly classified at the lesser widget service rate? For this Nike Shox Cheap,example we'll assume the rate to service widgets is $5 for each $100 of payroll. You just saved yourself $36,000 a year - every year. Multiply that by the number of years you've been misclassified and you may start sobbing uncontrollably!