1. Setting up the new WCB Rate & Premium Calculator
A few simple steps to give you some very powerful results.
By Russell Vasseur–Director,Analytics – Matrix ConsultingGroup June 5, 2015
www.matrixconsulting.ca
A visual guide for entering your WCB
informationintothe spreadsheet.
By now, many have seen the spreadsheet I
completed in April 2015 that accurately
shows Alberta WCB premium impacts - from
changes in claims, payroll, and other factors.
Data entry is on one worksheet, and there are
seven other tabs that support and rely on it -
everything from key results, to showing every
step of the Experience Rating calculations.
For casual users, this article will help you get
started quickly, and get the results you need. Bluedata entry boxes from the “Instructions and Data Entry” tab
WCB data is entered in the blue boxes found in the “Instructions and
Data Entry” tab (all tabs are found at the bottom of the spreadsheet).
What you will need:
The calculator software, and a computer that can run Microsoft Excel
Download theprogramfromourwebsite,orreach outto me on LinkedIn or russ.vasseur@matrixconsulting.ca
Your WCB Insurable Earnings – for each rate year that you want to calculate
This is the portion of yourgrosspayrollthat you reported to the WCB on your AnnualReturn
Your WCB Employer Premium Rate Statement – for each year that you want to calculate
ContacttheAlberta WCB at(780) 498-3999 if you do not haveyourRateStatementsorInsurableEarnings.
Getting Started:
In the calculator, click on the “Instructions and Data Entry” tab, and enter your WCB data in the blue
fields. See pages 2 and 3 for examples of an Employer Premium Rate Statement and the Instructions
and Data Entry Page – both numbered to show exactly where to find data, and where it goes!
Getting your results:
Once you have entered information in all of the blue boxes, click on the “Calculator” tab. If the
calculated “EmployerRate” does not match the “EmployerPremiumRate” on your Premium Rate
Statement, double check all of the numbers entered in the blue boxes. Once you’ve confirmed
the correct results, save the file, and print this page before modifying any data you entered.

2. Wondering where to find the data, and where to enter it in the calculator? See the below
example of an Employer Premium Rate Statement, and the calculator example on the next page.
Match up the below with the same numbers on the next page.
Take the 10 data points from your Rate Statement, plus the 11th from your Annual Return, and
enter them in the calculator, as shown in the example on the next page.
Once all blue boxes have been completed, save your results, and print the “Calculator” page.
(1): Employer Name and (2): WCB
Account # (1 & 2 are both optional)
(3): Industry Code and (4): Rate Year
(3 through 11 are required)
Enter as your (6): Employer Costs and
(7): Industry Avg. (respectively)
Enter as your (8): Participation F. and
(9): Eligibility Factor (respectively)
(10): If a message indicates “You have received a maximum surcharge in the
Experience Rating plan” enter the # of consecutive years as your PPS Year
(5): Industry Rate
This Rate Statement has no such message, so the PPS Year equals zero
(11): Enter your Insurable Earnings from your WCB Annual Return as your Payroll in the bottom blue
box of the calculator. Be sure to use your Insurable Earnings figure from the correct Rate Year.
numberedboxes

3. Once you have collected the dataon the previous page – shown below is exactly where to
enter it on the Instructions and Data Entry tab of the WCB Rate and Premium Calculator:
You can now use the calculator to see how changes in any of the figures you entered above
will impact your premiums. REMEMBER: claims influence your premiums for three years!
Stay tuned for future WCB articles. See my May 2015 article for appropriate claim cost changes.
(1)
(8)
(6)
(3)
(5)
(9)
(7)
(4)
(2)
(11)
(10)