Quote:
Originally Posted by Minte
Your not telling me how to run my business. You are working hard at not answering the question.
Workcomp - Our mod rate dropped 3/10ths of a point. Our sales and payroll have gone up. The actual cost of workcomp will go up about 18%.
Healthcare - No one can answer that. I was told, at least 14%.but it could be twice that. It went up 11% this year when we renewed. Playing hardball with the people(direct labor) that make the money for our company is the perfect way to demoralize the workforce. Companies can either spend the money on decent benefits or be a revolving door for employees. Then they end up spending that money on constant training.
And I am not complaining about anything.
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I don't understand your issue then. I'm not going to argue insurance rates with you because it's completely irrelevant to the points I was making earlier. Saying your insurance will rise 14% is completely meaningless to any discussion because 14% to you means something to only you and no one else. For one business it could rise 30% but they could still turn even higher profits for the year, for another it could rise 3% and it could lower their profits for the year. It is literally irrelevant to any discussion because one number alone is not a set of metrics of any kind. Only you as a business owner can decide how an expense will be handled in your company. It is entirely up to you and only you.