Keeping employees safe is always a priority for an organization however financial incentives are also beneficial in helping to improve a safety program. It's necessary for organizations to understand how much they could be entitled to if successful in achieving COR Certification.
WorkSafeBC uses the following calculation to determine the incentive amount for Large Employers:
Employer's reported assessable payroll x (CU base rate / 100) x 10%
WorkSafeBC uses the following Guideline to determine the incentive amount for Small Employers:
75% of their premium up to a $1000 as an annual incentive payment from WorkSafeBC.
Here you can calculate your organization’s potential incentive.
(If your "Potential WorkSafeBC Incentive Payment" is calculated as less than $1000, please refer to the small employer incentive guidelines above.)
To calculate your potential incentive:
Step 1: Insert your $ amount of assessable payroll from your most recent WorkSafeBC reported payroll that was used to calculate your current WorkSafeBC insurance premium.
Step 2: Insert your $ amount from link above into the CU Base Rate field below.