The Minimum Wage Increase of 2024: Impact on Businesses
The minimum wage has increased in 23 states in the US throughout 2023 and in January 2024, as part of previously scheduled efforts to reach $15 an hour or to account for cost-of-living changes.
The minimum wage has increased in 23 states in the US throughout 2023 and in January 2024, as part of previously scheduled efforts to reach $15 an hour or to account for cost-of-living changes.
The global insurance industry has been growing at a slower rate than the economies in which they operate. In the United States and Europe, nominal GDP grew at a Compound Annual Growth Rate of 4 percent over the past 20 years, but premium growth grew at a CAGR of 2 percent (according to a 2023/2024 Market Overview by McKinsey).
By outsourcing, you will have an invaluable strategic approach in minimizing talent gaps in the long-term. Read our article today to learn more.
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By selecting the right outsourcing partner, you avoid issues in the long term, reducing risks and ensuring a smooth working relation.
Here are several general views on how outsourcing companies can help with insurance claims processing!
