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Ongoing results of Workers' Compensation survey
California's economic downturn has had a significant impact on both state government and on private sector businesses whose success is vital for our state's recovery. Among common complaints of business owners and executives is concern about state laws and policies that they regard as impairing our business climate and making us less competitive with neighboring states or foreign countries.
Injured workers' compensation insurance premiums are often cited as a key cost factor that effects productivity.
In an effort to gain better understanding of the scope of the problem and identify businesses and catalog this cost driver, your willingness to answer the following questions is most appreciated.
See the survey here
119 companies have responded to our survey. Have your workers' compensation rates increased in the last three years? (%) 0 to 50%
23.5% (28 companies) 50 to 75%
16% (19 companies) 75 to 100%
13.4% (16 companies) 100 to 150%
20.2% (24 companies) 150 to 175%
3.4% (4 companies) 175 to 200%
3.4% (4 companies) More than 200%
17.6% (21 companies)
What actions if any have you taken to address the rising rate increases? Other
45.4% (54 companies) Layoff workers
27.7% (33 companies) Reduce/ eliminate health benefits
25.2% (30 companies) Reduce workers' hours
25.2% (30 companies) Reduce/eliminate retirement program
10.1% (12 companies)
Have you experienced increased claims over the last three years? No
69.7% (83 companies) Yes
26.9% (32 companies)
Have workers' compensation rates affected your expansion plans? Yes
66.4% (79 companies) No
28.6% (34 companies)
Have you seriously considered moving any operations outside of California as a result of rising business costs? No
50.4% (60 companies) Yes
44.5% (53 companies)
On a scale of 1-10 (with 10 being the worst and 1 the best), how would you rate California's business climate? 10
27.7% (33 companies) 9
13.4% (16 companies) 8
22.7% (27 companies) 7
9.2% (11 companies) 6
7.6% (9 companies) 5
2.5% (3 companies) 4
5% (6 companies) 3
4.2% (5 companies) 2
2.5% (3 companies) 1
2.5% (3 companies)