Experience ratings provide firms with an incentive to
A) hire older workers.
B) invest in health and safety programs.
C) hire disabled workers.
D) none of the above

Question

Quizplus · Accepted Answer

Experience ratings, which are based on the number of workplace accidents or injuries, provide firms with an incentive to invest in health and safety programs. By reducing the number of workplace accidents, firms can lower their experience rating and potentially reduce their workers' compensation premiums. Therefore, firms are motivated to prioritize the safety and health of their employees.

Experience Ratings Provide Firms with an Incentive to