Wage Calculation and Time Loss Administration

One Day Course | 6.5 Hours

On-Demand Video | Recorded March 18, 2021
Cost: $225 Members, $375 Non-Members

Level: Intermediate
Issues Covered: Compensation 
Faculty Includes: Gennia Wellington, WWCP

The third step in our Industrial Insurance University's comprehensive, goal-oriented workers' compensation curriculum, this full-day workshop builds on the principles of compensability covered in prior introductory trainings and takes a deep dive into wage rate and time loss calculations as well as the accurate and timely administration of temporary total disability benefits. Students are given sample scenarios with designated classroom time for independent and group study exercises.

Topics Covered

  • Calculating Gross Monthly Wage
  • Bonuses, Tips, Gratuities, Shift Differential Pay
  • Part-Time, Intermittent, Seasonal
  • Non-fixed Wages
  • Marital Status and Dependents
  • Maximum and Minimum Time Loss Compensation Rates
  • Setting Case Reserves
  • First Payment of Time Loss Compensation
  • Payment of Ongoing Time Loss Compensation
  • Cost of Living Adjustments
  • Application of Social Security Offset
  • Communication with injured workers and other system participants

Attendees take both a pre and post-class quiz as a learning exercise and to measure the effectiveness of the instruction provided.

Pre-Class Self Study Reading Assignment:
Chapter CM3: Time Loss Compensation