Final answer:
The Workers' Compensation system in Canada creates a trade-off for workers and employers. Terms like 'assessment' and 'experience rating' play a role in this system.
Step-by-step explanation:
The Workers' Compensation system in Canada creates a trade-off for both workers and employers. For workers, the system provides financial support and medical benefits in case of an injury or illness that occurs on the job. On the other hand, employers are required to contribute a percentage of their employees' salaries to these funds.
Terms like 'assessment' and 'experience rating' play a significant role in the Workers' Compensation system. Assessment refers to the process of determining the amount that employers need to contribute to the funds based on factors like the industry they belong to and the number of workers they employ. Experience rating, on the other hand, involves adjusting the insurance premium that employers pay based on their history of workplace injury claims. Employers with more claims may have higher premiums, while those with fewer claims may have lower ones.