Wage Calculation and Time Loss Administration
One Day Course | 6.5 Hours
Wednesday December 7, 2022
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