Today’s issue of WorkCompRecap features the debut of a new series of reports from Valen Technologies which seek to identify trends by mining their large consortium of workers’ compensation data, which pulls from 4 million recent policies. The first report provides insight into which industries have the highest incidence of payroll misclassification, examining data for 2008-2011.
The new report separated industries using NAICS codes, and among them, construction was determined to have the largest percentage of misclassified payroll, at an average of 14%, or $76.8 billion in post-recession payroll. Among other interesting findings was the fact that 75% of the misclassified payroll in construction is highly concentrated in 15 job classification codes.
Find out more (including a link to the free report!) by clicking here!