Methodology
Methods
Methodologies KWVRS experts use in vocational, life care planning, and forensic economic analysis.
- Transferable Skills AnalysisTransferable skills analysis (TSA) is a vocational methodology that identifies occupations a person could perform based on skills developed in past work, applied to current medical and functional restrictions and labor market conditions.
- Labor Market SurveyA labor market survey (LMS) documents the availability of specific occupations in the claimant's relevant labor market, typically including wage ranges, employer names, and openings.
- Worklife ExpectancyWorklife expectancy is the number of additional years a person of a given age, sex, education, and labor force status is expected to be economically active. Published tables are used to bound future earnings projections.
- Present Value AnalysisPresent value analysis reduces a projected stream of future damages to a single lump sum equivalent in today's dollars, accounting for the time value of money and expected growth of the underlying cash flows.
- Hedonic DamagesHedonic damages refer to the economic value of loss of enjoyment of life, distinct from economic earnings loss. Methodology and admissibility vary by jurisdiction.
- Collateral Source AnalysisCollateral source analysis addresses the effect of insurance, public benefits, or third-party payments on damages, depending on the jurisdiction's collateral source rule.
- Dictionary of Occupational TitlesThe Dictionary of Occupational Titles (DOT) is a U.S. Department of Labor reference that classifies over 12,000 occupations (U.S. Department of Labor, 1991) by title, code, physical demands, working conditions, and specific vocational preparation (SVP).
- O*NET AnalysisO*NET OnLine is the U.S. Department of Labor's successor to the DOT (National Center for O*NET Development, n.d.), providing continuously updated information on occupational tasks, skills, knowledge, abilities, work activities, and labor market statistics.
- Life Care Plan DevelopmentLife care plan development is a structured process that translates treating-team recommendations, peer-reviewed literature, and geographically matched cost data into a comprehensive projection of future medical and non-medical care needs.
- Functional Capacity EvaluationA functional capacity evaluation (FCE) is a standardized assessment of a person's physical capacity to perform work-related activities, typically conducted by an occupational or physical therapist over one or two days.