Understanding the basics about the WSIB's NEER financial system is a challenge for many employers. With limited time available to prepare for the upcoming implementation of the new Rate Framework, which will replace NEER, there are a few basic concepts you should understand regarding the current program.
This blog is part two of a three-part series which examines the proposed fundamental changes to WSIB’s method of business classification and application of premium rates. Part one of this series explored how WSIB proposes to re-categorize Ontario businesses into 34 industries, based solely on “business activity”.
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