SEPTEMBER - 2022HR TECH OUTLOOK6Workers' compensation insurance ensures medical and wage benefits for people who face workplace injuries. Every state across the U.S. has set strict guidelines and regulations around workers' compensation. Organizations' inability to follow those might invite serious financial repercussions and lawsuits. They can even lose the right to run their business in a particular state. Fortunately, modern businesses recognize the need for a streamlined workers' compensation plan. However, the biggest challenge for them is to keep track of the ever-evolving regulations around workers' compensation. Most important, the entire workers' compensation industry is undergoing a rapid shift as we are moving toward a world that is encouraging gig work. Mental health is also soon becoming a crucial factor in this industry. Many studies reveal that work-related physical injuries disturb the mental health of employees, which plays a vital role in slowing down the recovery process and delaying workers' return to work. Cybersecurity is also becoming a key area of focus when it comes to the workers' compensation industry--the more the abundance of sensitive information, the more the risk of cyber threats. Laws mandate insurance companies to strictly focus on securing the sensitive information of workers, driving them to implement cutting-edge technology solutions.Undoubtedly, the workers' compensation industry is undergoing rapid changes, and in the coming years, the speed of change will accelerate. In this edition, our goal is to provide readers with a comprehensive picture of the evolving workers' compensation space and the developments happening in this field.Let us know your thoughts.Changing Faces of Workers' CompensationHanna WilsonManaging Editoreditor@hrtechoutlook.comManaging EditorHanna WilsonEditorial StaffSalesAaron PierceAva Garcia Philo VazRussell ThomasVisualizersVictor Cruz Calvin JamesEditor's NoteShirley Jacobsshirley@hrtechoutlook.comCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Disclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsEmail:sales@hrtechoutlook.comeditor@hrtechoutlook.commarketing@hrtechoutlook.com HR TECH OUTLOOKSeptember - 12 - 2022, Volume 08, Issue 13 (ISSN 2644-2477)Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Ronald Donovan
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