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 More
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 More
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 More
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 More
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 More
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 More
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 More
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 More
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, […]Read More