Definition
A code assigning each job to a risk category, which sets the workers' comp rate per $100 of payroll.
Class code explained
Misclassified roles are a common cause of overpaying, or underpaying and owing more at audit. Check that the class codes in a PEO quote match your employees' actual work.
Where Class code comes up
Industries
Also referenced in: Pay-as-you-go workers' comp