This case study describes how Syncrude and the Workers’ Compensation Board—Alberta created a custom workplace insurance agreement to reduce workplace insurance costs and improve health and safety performance at Syncrude.
Document Highlights
This case study explains how Syncrude and the Workers’ Compensation Board—Alberta co-designed a custom workplace insurance agreement (also known as a custom pricing agreement, or CPA) that ties financial incentives directly to the performance of Syncrude’s loss management and environmental, health, and safety programs.
The document describes the original agreement and why it was a sound investment for both parties. It outlines the pilot project and how the CPA became formalized into an evergreen agreement, including some of the changes that were negotiated and unique components (such as voluntary contractor participation). It also defines the type of organization that would benefit from a CPA.
The reader will get an understanding of a process that took six years. The case study reveals the success of a two-tiered model (a steering committee and a working committee), and provides the key components of the mission statement and guiding principles.
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