Employment damages arise whenever there is a party who has been affected by an adverse event at his or her work environment caused or generated by the misconduct or negligence of an offending counterpart. The adverse event can take different forms such as: personal injury, wrongful death, wrongful termination or discrimination.
The damages award should compensate the harmed party for the effects of the adverse event, by placing them in a situation similar to the one prior to the adverse event. In order to calculate damages the expert usually considers economic factors such as past and future earnings, past and projected earnings growth, employment fringe benefits, expected work life, tax effects, lost household contribution and future consumption. The damages expert uses the plaintiff’s demographic and employment data and identifies calculation inputs based on government statistics, economic studies, and market conditions.
A damage expert possesses both the ability to manage complex data and the experience to interpret it. These, accompanied by the necessary skills and knowledge help the expert to provide an appropriate calculation of damages.
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