How_do_I_convert_a_workers_compensation_percentage_to_a_rate_

How do I convert a workers compensation percentage to a rate?

When do I need to make this change? This change is required to calculate workers compensation in version 2021.05 or later. It affects organizations that calculate workers compensation. You should update rates that are saved as a percentage in the workers compensation class code before you calculate benefits. 

In version 2021.05 or later, the employer rate and employee rate allow rates up to five digits (0.0000). In version 2021.02 or earlier, when you entered a workers compensation rate you would convert it to a percentage. In version 2021.05 or later, you do not need to convert a rate to a percentage to use it as the employer rate on a class code.

If you already have a workers compensation rate loaded on a class code, you need to convert the percentage to a rate to calculate the correct workers compensation amount. For example, a workers compensation rate is saved as 1.25%. To convert the workers compensation percentage to a rate, divide the percentage by 100 (1.25% / 100  = 0.0125) and replace the percentage in the workers compensation rate box with the rate. 

 

Converting a workers compensation percentage to a rate

1. Open Connect Payroll > Organization > States. 

2. Click to select the Workers Compensation tab > Class Codes tab. 

3. Convert the employer rate.

Remember! You only need to do this if the employer rate is entered as a percentage.  

Employer rate


[Employer Rate] / 100 = New Employer Rate

2.4100 / 100 = 0.02410

 

4. Enter the new employer rate in the Employer Rate box. 

Employer rate


5. Repeat for each workers compensation class code. 

 

 

 

Copyright © 2025 Caselle, Incorporated. All rights reserved.

    • Related Articles

    • How do I change a rate multiplier for workers compensation?

      Use these instructions to update the rate multipliers for calculating workers compensation. Changing rate multiplier for workers compensation 1. Open Connect Payroll > Organization > States. 2. Enter the two-character state code in the Lookup bar. ...
    • How do I add workers compensation fields to report writer?

      Set up a custom report for workers compensation information. You can add fields from the views that collect information for state workers compensation. Workers compensation additional premium description Workers compensation additional premium line ...
    • How do I recalculate workers compensation?

      Workers Compensation is a program that provides payments to employees with job-related injuries. Use Recalculate Workers Compensation to calculate workers compensation amounts. Recalculating workers compensation amounts 1. Open Connect Payroll > ...
    • Error: Transactions missing workers compensation pay code

      Issue This employee has a workers compensation class code and the employee is missing a default workers compensation pay code. Each employee with a workers compensation code also needs to have a workers compensation pay code type. Payroll needs both ...
    • How do I print workers compensation forms?

      Print the workers compensation employee information to the form. This is the coversheet for workers compensation. Before you get started You'll need a form layout for the Workers Compensation Form. Printing the Workers Compensation Form 1. Open ...