Lift’n Buddy Mitigates Impact of Recession and Layoffs
Layoffs have swept through all industries including manufacturing, service, and retail, along with construction, office services and trade industries. The Labor Department continues to report weakness in the labor market. Recent data shows that new workers' compensation claims increase during recessionary periods even though number of employee decrease and the total work hours decline. The cost per claim and the total system costs also increase. Studies find that lay-offs and changes of employment increase the duration of temporary total disability,...
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