What Should You Do if You Suspect Wage Theft by Your Employer in New Jersey?
Posted November 3rd, 2023.
Categories: Employment Law.
If you suspect your employer has engaged in wage theft, contact the Law Offices of Mark S. Guralnick for help.
Read MorePresent Value: What if I could get tomorrow’s money today?
Posted June 20th, 2016.
Categories: Employment Law, The Calculating Lawyer.
Present value is the opposite of future value but can be calculated using the same formula. Instead of asking what value present-day money will have in the future, the calculation for present value asks what value future money will have today (if it were paid today). When calculating the present value of an amount due in […]
Read MoreWhat’s My Reputation Worth? Fire Me and Find Out
Posted June 14th, 2016.
Categories: Employment Law, The Calculating Lawyer.
Can a victim of employment discrimination recover damages for her blemished reputation? That depends. If framed in terms of lost future earnings, a discharged worker may be able to recover even non-pecuniary losses — those kinds of damages that look more like “pain and suffering” or “loss of goodwill” than loss of front pay. The […]
Read MoreRefresher Course 103: Rate of Return
Posted June 7th, 2016.
Categories: Employment Law, The Calculating Lawyer.
The Rate of Return (ROR) is a generic reference to the gain or profit derived from a certain decision, investment or action. There are, in fact, many different kinds of rates of return, and a variety of formulas for determining the benefit or profitability of decision, investment or action. Calculating rates of return is another […]
Read MoreRefresher Course 102: Determining Probability
Posted June 6th, 2016.
Categories: Employment Law, The Calculating Lawyer.
The probability of a single event happening is the number of desired outcomes divided by the number of possible outcomes. It is the number of ways in which an event can occur divided by the number of possible events. To determine a probability, we start with a fraction. So, for example, if we wished to determine the […]
Read MoreRefresher Course 101: Simple Interest
Posted June 3rd, 2016.
Categories: Employment Law, The Calculating Lawyer.
Before we dive into formulas, let’s review some basic calculations, including the equation for calculating simple interest. Because money has time value, we apply interest as the basic equalizer. Simple interest calculations account for the time value by raising the principal to a higher number. Calculating interest is a very basic and commonly understood process, […]
Read MoreFired but Not Forgotten: How To Calculate Back Pay
Posted June 2nd, 2016.
Categories: Employment Law, The Calculating Lawyer.
Fired! Aha, but not forgotten! You intend to collect all of the “back pay” that is rightfully yours. Back pay is the amount of compensation that would have been paid to the employee had he/she not been wrongfully terminated from employment – up to the point that front pay is calculated. In effect, back pay runs […]
Read MoreFinding the Value of Lost Fringe Benefits
Posted June 1st, 2016.
Categories: Employment Law, The Calculating Lawyer.
A party who has been wrongfully terminated from employment may not only be claiming lost wages but also a loss of fringe benefits. While fringe benefits are not always delivered in the form of monetary compensation, they may include quantifiable values for lost health insurance, including hospital, medical and disability plans, life insurance, pension plans […]
Read MoreTerminated..But Seeking Relief: How to Calculate Front Pay
Posted May 31st, 2016.
Categories: Employment Law, The Calculating Lawyer.
Front pay is compensation for future wage loss that results from present employment-related circumstances. In most scenarios, it serves as a form of future wage-based restitution for victims of job discrimination. However, front pay is only available where reinstatement is not possible or appropriate. Thus, if a job has been filled or no longer exists, […]
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