In a recent announcement, Ontario and Saskatchewan have decided to maintain steady employer premium rates under their workers' compensation systems for the year 2024. This news is a welcome development for businesses, as it provides financial predictability and stability.
Ontario's Commitment to Stability
Ontario's average premium rate, set by the Workplace Safety and Insurance Board (WSIB), will remain at $1.30 per $100 of insurable payroll in 2024. This decision reflects the province's dedication to creating a stable financial environment for businesses, encouraging them to invest in safety measures and injury prevention.
Saskatchewan's Balanced Approach
Saskatchewan will also maintain its average employer rate at $1.28 per $100 of payroll for 2024. The Saskatchewan Workers Compensation Board (WCB) aims to balance stable rates with a fully funded compensation system, ensuring that both employers and employees are protected.
The GigHound Difference
While managing workers' compensation is an important aspect of running a business, it doesn't have to be a burden. GigHound offers a solution that simplifies this process for employers. By partnering with GigHound, businesses can access a flexible workforce without the long-term commitments and financial obligations associated with traditional employment.
Moreover, GigHound places a strong emphasis on creating a safe work environment. We provide Health & Safety education and WHMIS education to our workforce, ensuring that they are well-equipped to handle their roles safely and effectively. This not only benefits the workers but also helps businesses maintain a safe workplace, which can lead to lower workers' compensation premiums over time.
Conclusion
The decision to maintain steady workers' compensation premium rates in Ontario and Saskatchewan is a positive step for businesses. By choosing GigHound as a partner, employers can enjoy the benefits of a flexible workforce while ensuring a safe and educated work environment. GigHound's commitment to safety and simplicity makes it an ideal choice for businesses looking to navigate the complexities of a flexible workforce.
To learn more about how GigHound can benefit your business, visit our website and discover a new way to manage your workforce needs efficiently and effectively.
