WSIB: Social and Human Capital Accounting Worked Example
This worked example provides an overview of the approach to define, implement and measure the mental health strategy by the Workplace Safety and Insurance Board (WSIB). It shows how the finance team involved on the project used data validation, performance evaluation, budgeting and risk assessment skills and experience to validate that investing in people is critical to the services that they provide.
WSIB administers compensation and no fault insurance for workplaces in Ontario – the largest province in Canada. WSIB provide workplace injury and illness insurance for over five million people and over 300,000 businesses in Ontario. In Ontario, mental health is one of the top three drivers of short term and long term disability claims.