Workers compensation officials in the Canadian province of Manitoba have reason to smile.
The Workers Compensation Board of Manitoba (WCB) recently released its 2014 Annual Report .
The highlights include a surplus of $110 million and reshaping the organization to builda stronger workers comp system for the future. The WCB also released its 2015 – 2019 Five Year Plan.
"Building on our financial and system security, we began work on key strategic initiatives that will benefit Manitoba workers and employers while also transforming the workers compensation system to meet future demands and expectations," said Winston Maharaj, WCB president and CEO. "We are on the cusp of significant growth and opportunities and we are well-positioned to meet future demands based on a strong stable foundation."
In 2014, work began on the development of a compliance framework that protects the integrity of the workers comp system and a review of the assessment rate model. As well, the WCB introduced additional online services for employers and began work on customer journey mapping to better understand and enhance service to its customers.
The Annual Report also introduced a new measure of "days lost to workplace injury and illness" which is defined as the sum total of days the WCB has paid to workers in a given time frame.
For 2014, 1.8 days were lost to workplace injury and illness for each full time worker, down from 2.15 in 2010. This figure has been declining steadily over the past five years, resulting in less disruption to injured workers and their families and reduced costs to the provincial economy.
"This measure shows that workers are missing fewer days off work as a result of workplace injuries and illnesses which demonstrates the combined effect of prevention efforts and return to work initiatives," said Maharaj. "Our prevention efforts helped reduce injuries which had a significant effect on reducing the number of days lost for workers."
Workers Getting Back to Work Sooner
In addition, employers' and workers' focused efforts to help workers return to health and meaningful work, as soon as they can safely do so, is a key driver in the days lost measure. Effective return-to-work programs minimize the impact of an injury, promote recovery and benefit both workers and employers.
The WCB also made great strides in implementing Manitoba's Five-Year Plan for Workplace Injury and Illness Prevention by creating SAFE Work Manitoba, the entity that consolidates prevention services of the WCB and Workplace Safety and Health. The Annual Report includes SAFE Work Manitoba Financials that disclose the WCB's investment in prevention.
"Strong financial stewardship and successful prevention and return to work efforts by the WCB, its partners, and the workers and employers of Manitoba have made 2014 a success," remarkedMaharaj. "The surplus allowed us to announce a decrease of the average assessment rate for 2015 by approximately 13 per cent to $1.30 per $100 of assessable payroll."
The time loss injury rate also remained consistent at 3.2 per 100 full time workers in 2014.
Author Kori Shafer-Stack, Editor, Amaxx Risk Solutions, Inc. is an expert in post-injury response procedures and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. www.reduceyourworkerscomp.com. Contact: [email protected].
©2014 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law.
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