Workers’ compensation rates: What’s on for 2012

Administering workers' compensation a regular part of the payroll practitioner's role
By Melissa Mancini
|Canadian Payroll Reporter|Last Updated: 12/07/2011

Calculating and administering workers’ compensation rates are a regular part of the payroll practitioner’s role.

It’s the time of year when companies start receiving their rates for 2012, with each province and territory determining rates for their jurisdiction.

For payroll departments dealing with multiple jurisdictions, this can mean many changes in the rates being administered. For workers’ compensation boards (WCBs) that means taking a look at what revenue is required to cover costs of running the board, costs of 2012 injuries and future costs of those injuries, said Tammy Turner, director of corporate services, Workers Compensation Board of Prince Edward Island.