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Vocational Experts Guide to Projecting Future Loss of Earnings

Vocational Experts Guide to Projecting Future Loss of Earnings

A Guide to Projecting Future Loss of Earnings

In 2019, there were 2.8 workplace injuries for every 100 workers. 

Personal injury cases will often involve a calculation of a plaintiff’s loss of future earnings. The amount awarded is based on a variety of factors. Keep reading to learn more from our vocational legal experts about claims, lost wages, and future earnings.

Contact Vocational Consultants for Assessments on Worker Compensation Seattle WashingtonWhat makes for future loss of earnings?

First, let’s pinpoint exactly what makes for future loss of earnings. When someone is awarded a class of damages in a worker’s comp or personal injury claim, that’s a future loss of earnings.

This typically happens when an injury is permanent or significantly affects the plaintiff’s ability to work and earn money in the future. Whatever the level of loss of capacity is determined, the plaintiff is entitled to reduce that value in lost earnings. 

Future loss of earnings is also referred to as impairment of earning power or loss of future earning capacity. A plaintiff is not required to have lost earnings to be awarded money for future lost earnings.

It’s technically based on the “potential” to earn money in the future. It does not matter if the plaintiff has not capitalized on that potential in the past. 

How is future loss of earnings calculated?

Future loss of earnings is calculated based on the plaintiff’s ability to earn more money in the future. Past earnings or wages do not calculate it. A judge will estimate and calculate what a plaintiff’s earning capacity was before their injury.

Then, they will factor in what the plaintiff’s reduced earning capacity is after the injury. The plaintiff will be awarded compensation based on the difference in their potential earning power, not based on the plaintiff’s current or past wages. 

How does a plaintiff prove loss of earnings?

The first thing a plaintiff will need to get is the medical evidence from their injury. This will give an idea or prognosis about what their future recovery situation will be like.

Next, a date will be determined on which they should return to work. If returning to work isn’t possible, the plaintiff must determine when they would have retired.

Once the period of absence or length of time a plaintiff would have stayed on the job is determined; it can be determined what money should be owed in future loss of earnings.

Have more questions? Get in touch with a vocational legal expert.

This blog provides a brief overview of the information on compensation for future loss of earnings. However, we always recommend you consult a vocational expert on these matters.

Consider contacting a vocational personal injury expert. At Solutions Northwest Inc., we can help you find a vocational expert or give you general vocational consulting. Our vocational experts are involved in personal injury, workers’ compensation, and family law.

If you need our guidance, our legal experts are ready to guide you through the process.

Contact us today to make an appointment.

Subscribe to our blog for more work related tips from Solutions Northwest, Inc., experts available in: Seattle, WA, Tacoma, WA, Olympia, WA, Vancouver, WA, Kent, WA Renton, WA, Beaverton, WA.

Contact the Vocational Consultants at Solutions Northwest Inc. Below:

Multiple Locations

Corporate Office: 120 State Ave. NE #397
Olympia, WA 98501
Business Hours: 8am-5pm M-F
Corporate FAX: 360-866-4773
Email: Info@solutionsnw.com

Seattle, WA

206-521-5676

San Diego, CA

877-976-9462

Portland/Salem, OR

503-768-9742

Olympia, WA

360-236-8748

Contact our Vocational Consultants

Vocational Evaluations: What is it and Why Does it Matter

Vocational Evaluations: What is it and Why Does it Matter

Vocational Evaluations: What is it and Why Does it Matter

Do you have an employee who has completed a vocational evaluation assessment? Are you considering hiring someone and are wondering whether or not it is a good fit?

If so, vocational evaluations become crucial. While not every worker comes with a vocational evaluation, they give you valuable insight into what your employee excels at. Evaluations take into consideration worker’s strengths, skills, and qualifications and provide a comprehensive overview of the worker’s particular talents.

So, what are vocational evaluations, exactly, and why do they matter?

Keep reading to learn more!

Contact Vocational Consultants for Assessments on Worker Compensation Seattle WashingtonWhat is a vocational evaluation?

So, what do vocational evaluations indicate?

When a worker takes a vocational evaluation, they undergo an assessment of their abilities. At the heart of these evaluations is the belief that every individual is unique, complete with a set of talents, intellectual abilities, personality, and areas of interest. Because of this, when a person receives an assessment, they get a complete overview of what types of work they’d be good for. 

It also indicates to them which kinds of work they might enjoy, which helps them pursue a satisfactory life.

Who gets a vocational evaluation?

There isn’t just one type of person who receives a vocational evaluation.

Some people get their vocational assessments done before they enter the field, which is also known as pre-vocational evaluation. It helps people find their fields of interest, taking into account any education, qualifications, and goals, so some future workers get them done before they enter the working world.

Other people receive them if they find themselves unsatisfied in their current profession but are unsure in which direction to go. Vocational evaluations spark ideas for them and points them in the right direction.

People with disabilities might also pursue a vocational evaluation to help them find careers they would both like and excel at. 

In addition, individuals who are in the middle of a divorce and find themselves needing to re-enter the workforce often get vocational evaluations to ease them into the work or prove their ability to work.

What can vocational evaluations do for you and your company?

Are you wondering what vocational and career assessment professionals can do for you?

Vocational evaluations help many different types of people and their businesses. In particular, they help businesses whose employees have suffered injuries. They demonstrate what kind of work the employees would work well in and measures their working and earning capacity. 

It also helps you see how to best utilize your employees. When people are performing good work that they enjoy, you have happier employees who are willing to work well for you.

Want to learn more about vocational evaluations?

Vocational evaluations help people decide how to direct the rest of their working life.

It helps them measures their interests and their overall capabilities. Vocational evaluations should not be overlooked, as they indicate to you what your employees excel at.

Want to learn more about our vocational evaluations? Contact us for more information! At Solutions Northwest Inc., we can help you find a vocational expert or give you general vocational consulting. Our vocational experts are involved in personal injury, workers’ compensation, and family law.

If you need our guidance, our legal experts are ready to guide you through the process.

Contact us today to make an appointment.

Subscribe to our blog for more work related tips from Solutions Northwest, Inc., experts available in: Seattle, WA, Tacoma, WA, Olympia, WA, Vancouver, WA, Kent, WA Renton, WA, Beaverton, WA.

Contact the Vocational Consultants at Solutions Northwest Inc. Below:

Multiple Locations

Corporate Office: 120 State Ave. NE #397
Olympia, WA 98501
Business Hours: 8am-5pm M-F
Corporate FAX: 360-866-4773
Email: Info@solutionsnw.com

Seattle, WA

206-521-5676

San Diego, CA

877-976-9462

Portland/Salem, OR

503-768-9742

Olympia, WA

360-236-8748

Contact our Vocational Consultants

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