Reference no: EM132723945

Question - Case One - Upon graduation from the college, you are employed as the human resource assistant at Netech Inc., a newly incorporated manufacturing company in Residential building construction (2361). It employs 362 people, with a projected payroll of $33,423,586 annually. The company operated one 8-hour shift per day for 251 days last year. The company records show that the incidents and injuries happened last year as the following:

- 76 medical aid injuries with no days lost

- 31 equipment failures that caused a total of 32 days loss

- 25 property damage incidents with a total of 18 days lost

- 84 injuries requiring medical attention with a total of 326 days lost

Part of your responsibilities is to coordinate the firm's health and safety practices. In your first week of employment, you found that the company has not yet registered with the Ontario Workplace Safety and Insurance Board. You talked with the President over the matter and he suggested that you should provide guidelines for the registration, and present the guidelines to the management meeting that is scheduled to be held next week. The president would like you to explain clearly the following aspects in your proposed registration guidelines. You also need to calculate the injury frequency and injury severity rate (Remember that you are preparing a report to your company. Do not copy materials directly from the website):

1. How much will be the annual premium the company needs to pay (You need to explain and show your calculations step-by-step in your report).

2. Explain how registration with WAIB will help increase the company's effectiveness in terms of lower cost and higher productivity.

3. Calculate the injury frequency and injury severity rate for 2019 (You need to explain and show your calculations step-by-step in your report).

4. Explain how these calculated injury frequency and injury severity rate will be used by the WSBI in Experience Rating program to assess the company's H&S operations.