Multi-year trend information for Rate Group GB
What trends is your rate group experiencing? This chart provides a history
of your rate group's performance.
To understand the terminology used in this chart, view the explanation
of trend terms.
| Key indicators
|
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| Injury rate |
1.4 |
1.5 |
1.5 |
1.5 |
1.6 |
14.3% |
6.7% |
| Total duration |
43.2 |
44.1 |
40.1 |
44.5 |
44.6 |
3.2% |
0.2% |
| Average weekly wage |
$599 |
$616 |
$620 |
$629 |
$664 |
10.9% |
5.6% |
| Number of claims |
960 |
1,032 |
1,096 |
1,152 |
1,248 |
30.0% |
8.3% |
| Cost history
(in thousands) |
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| Short term disability |
$2,760 |
$2,899 |
$3,059 |
$3,419 |
$4,345 |
57.4% |
27.1% |
| Long term disability |
$1,680 |
$2,513 |
$2,277 |
$2,840 |
$3,987 |
137.3% |
40.4% |
| Survivor benefits |
$11 |
$289 |
$210 |
$483 |
$257 |
2236.4% |
-46.8% |
| Health care |
$2,847 |
$2,428 |
$2,400 |
$3,171 |
$5,556 |
95.2% |
75.2% |
| Vocational rehabilitation |
$171 |
$289 |
$433 |
$554 |
$806 |
371.3% |
45.5% |
| Total costs |
$7,469 |
$8,418 |
$8,379 |
$10,467 |
$14,951 |
100.2% |
42.8% |
| Rate data
(in millions) |
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| Assessable payroll |
$1,845 |
$2,024 |
$2,209 |
$2,360 |
$2,530 |
37.1% |
7.2% |
| Accumulated payroll |
$2,322 |
$2,418 |
$2,506 |
$2,552 |
$2,593 |
11.7% |
1.6% |
| Benefit cost rate
|
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| (Per $100 of payroll) |
0.32 |
0.35 |
0.33 |
0.41 |
0.58 |
81.3% |
41.5% |
| Average benefit cost rate for calculating the 2010 base rate: |
$0.44 |
| Number of years used to calculate average benefit cost rate: |
3 |
