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Overview
Overview
WorkplaceNL administers Newfoundland and Labrador’s mandatory, employer-funded, no fault workers’ compensation system. More specifically, WorkplaceNL promotes safe and healthy workplaces, in addition to providing return-to-work programs and benefits to injured workers and their dependents, based on assessments collected from employers. WorkplaceNL serves approximately 17,700 employers and 213,000 workers.
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The Meredith Principles are the foundation of all Canadian workplace compensation systems and include: • No-fault compensation, which means workers are paid benefits regardless of how the injury occurred. • Collective liability, so that the total cost of the compensation system is shared by all employers. • Security of payment, with a fund established to guarantee that compensation will be available for injured workers when they need it. • Exclusive jurisdiction, which means only workers’ compensation organizations provide workers’ compensation coverage. • Independent Board, that is autonomous and financially independent of governments or any special interest group. Offices are located in St. John’s, Grand Falls- Windsor, and Corner Brook with 377 positions. In 2020, approximately 77 per cent of the employee complement was female and 23 per cent male.
Breakdown of WorkplaceNL Positions (2020)
Region St.John’s Grand Falls-Windsor
Number of Employees Vacancies 307 22 16 3 Corner Brook 27 2 Total 350 27 Total
329 19 29 377
WorkplaceNL adheres to its funding and investment policies. In 2020, WorkplaceNL’s total revenue was $244.6 million. This includes $131.4 million in assessment revenue, $109.4 million in investment income, and $3.8 million in third party recoveries and administrative fees paid by self-insured employers. WorkplaceNL’s total expenses were $212.5 million. Benefits for injured workers are the most significant component of WorkplaceNL’s expenses, which comprises 82 per cent of expenses, while administration expenses are approximately 9 per cent. WorkplaceNL’s funded ratio for 2020 was 125.5 per cent. Please visit WorkplaceNL’s website for details on its mandate and lines of business.
