On Friday afternoon we received notice that the Bureau of Workers' Compensation has approved a 5 percent rate reduction effective July 1. This is the first reduction for private employers since 2001.
This reduction is based on employer's manual classifications. Some classifications may see a reduction higher than 5 percent, others however, may see an increase. Speaking of manual classifications, this is one area where employers need to be sure they have right. Different jobs have different classifications and, accordingly, different rates. For instance, if you have a construction company, the employees in the office would have a lower risk classification than employees on job sites. Splitting out the office employees from the on-site employees will save you significant dollars. If you need assistance in either checking your classifications or changing existing ones, contact your BWC Employers services rep or our office.
On other issues important to the business community, please mark your calendar for 11:30 a.m. April 8 in the chamber conference room, for a legislative round table sponsored by Firelands Electric Cooperative.
Linda Woggon, vice president of governmental affairs for the Ohio chamber, will be talking about several items with the main focus on the pending Ohio Healthy Families Act. This anti-business proposal will likely be on the November ballot, and should it pass, businesses and jobs will pour out of our state like water through a sieve. If your business has 25 or more employees you need to make time to attend this update. The round table is free to attend and lunch will be included. However, RSVPs are required as seating is limited. Call (419) 668-4155.