Methodology
Methodologies KWVRS experts use in vocational, life care planning, and forensic economic analysis.
Transferable 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.
A 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 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 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 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 analysis addresses the effect of insurance, public benefits, or third-party payments on damages, depending on the jurisdiction's collateral source rule.
The 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 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 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.
A 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.