Following extensive consultation with stakeholders, the WCB will be introducing changes to its rate setting model in 2016.
Consultation started in 2013, and included feedback from a call for written submissions. Ongoing input and dialogue has been taking place with a stakeholder advisory group.
The consultative feedback was reviewed, with the recommended improvements, and compiled into a report available on the WCB website.
The recommendations called for a rate model that offered:
• More protection through collective liability, especially for small and medium employers.
• Less rate volatility and more stability for employers.
• A more balanced focus on prevention and return to work.
Employers can expect to receive more information from the WCB in the months ahead.