Essays On Management Project
Leon Prikhodovskiy
MGMT Assignment #1
1.) For my report I decided to focus on the topic, “Workers Compensation”. Workers compensation is a state-mandated insurance program that covers job-related injuries and death. This law was designed to ensure that if something terrible went wrong to an employee while doing their job, they would be compensated with set monetary awards. This law functions in a no-fault liability, meaning that the employee does not need to determine gross negligence by the employer. Workers compensation covers the four following cases: Disability income, medical care, death benefits, and rehabilitative services. Different compensations follow depending on the decision of the case. In the case of disability income, the typical amount an employee would receive would be two-thirds of what she was earning previous to her disability. Medical care would provide you with hospital and medical expenses that are necessary to identify and treat your injury or illness. Also if equipment e.g. wheelchair is needed to help you deal with your injury, workers' compensation will likely cover that cost as well. In some instances, workers' compensation will also cover services like counseling, pain therapy, and acupuncture.
The death of a spouse, parent, child, sibling, are all typically covered in workers compensation. Although most states provide funeral and burial expenses as part of this benefit, the main purpose of the benefit is to compensate dependent family members for the loss of financial support. Lastly, rehabilitative services such as physical therapy are also covered in workers compensation. Rehabilitative services will cover anything from training to tuition, in order to make you qualified for the job again. The article I read, “4 Steps to Limiting Workers Compensation Fraud”, also talks about how workers compensation is a no-fault system that benefits both the employee and employer. The key difference between the book and article is that the
MGMT Assignment #1
1.) For my report I decided to focus on the topic, “Workers Compensation”. Workers compensation is a state-mandated insurance program that covers job-related injuries and death. This law was designed to ensure that if something terrible went wrong to an employee while doing their job, they would be compensated with set monetary awards. This law functions in a no-fault liability, meaning that the employee does not need to determine gross negligence by the employer. Workers compensation covers the four following cases: Disability income, medical care, death benefits, and rehabilitative services. Different compensations follow depending on the decision of the case. In the case of disability income, the typical amount an employee would receive would be two-thirds of what she was earning previous to her disability. Medical care would provide you with hospital and medical expenses that are necessary to identify and treat your injury or illness. Also if equipment e.g. wheelchair is needed to help you deal with your injury, workers' compensation will likely cover that cost as well. In some instances, workers' compensation will also cover services like counseling, pain therapy, and acupuncture.
The death of a spouse, parent, child, sibling, are all typically covered in workers compensation. Although most states provide funeral and burial expenses as part of this benefit, the main purpose of the benefit is to compensate dependent family members for the loss of financial support. Lastly, rehabilitative services such as physical therapy are also covered in workers compensation. Rehabilitative services will cover anything from training to tuition, in order to make you qualified for the job again. The article I read, “4 Steps to Limiting Workers Compensation Fraud”, also talks about how workers compensation is a no-fault system that benefits both the employee and employer. The key difference between the book and article is that the