State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
May 28, 2002
In CA, Falling Workers' Comp Trend Ends
Cal
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
ifornia workers' compensation benefits rose 13.9 percent in 2000, ending several years of declines relative to wages, according to a new study from a non-partisan think tank.

The think tank, the Washington-based National Academy of Social Insurance, reports that total wages paid rose 13.5 percent in 2000. It also found that the number of workers covered by the state program rose 3.4 percent.

That translates to workers' compensation benefits for every $100 in wages holding steady at $1.49 in California.

The Los Angeles Times reports that nationally, benefits rose to $46.1 billion, up from $43.1 billion the year before. That includes cash payments and health-care coverage.

For every $100 in wages, the national average benefit dipped slightly from $1.04 to $1.03. That marked the eighth decline in the national average in as many years, from a peak of $1.68 in 1992.

The Times reports that the study's authors attributed the downward trend in relative benefits to strong wage growth, a decline in reported accidents and the imposition by many states of managed health care and other reforms in workers' compensation systems in the early and mid-1990s. But they suspect that increases in workers' comp benefits may soon outpace total wages.

"In the past couple of years, we have seen a reduction nationally in cash benefits, but the medical benefits are starting to pick up," said John F. Burton, a labor studies professor at Rutgers University and chairman of the National Academy of Social Insurance panel that compiled the report.

To read the Los Angeles Times article, click here.


Participate in this week's HR.BLR.com poll and discussion!



Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/HR-Administration/Workers-Workmen-Compensation/In-CA-Falling-Workers-Comp-Trend-Ends/