Strategic Business Plan Strategic Business Plan 2018 - 2022 | Page 15

KEY ACTIONS ON STRATEGIC DIRECTIONS FINANCIAL SUSTAINABILITY Identify and secure additional funding and revenue streams to support new programs, services, research, outreach activities, and sustainable growth of Actsafe. ∙ ∙ Continue to operate in the most efficient and effective way possible. ∙ ∙ Strive to maintain employer funding contributions to the WorkSafeBC industry levy at sustainable levels that scale up, or down, relevant to industry and labour market demand. ∙ ∙ Develop and grow self-generating revenue programs and services independent of the WorkSafeBC funding system to support innovation, research and investment in growth. ∙ ∙ Manage program expenses so they can scale up, or down, in response to seasonal and cyclical changes to industry demand. ∙ ∙ Build a strong balance sheet and grow unrestricted reserves for future capital investments, projects and growth of Actsafe. ACTSAFE SAFETY ASSOCIATION 15 2018 - 2022 STRATEGIC PLAN