Definitions for "Compensation Rate" Add To Word List
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Weekly workers' compensation benefit rate of an employee with a compensable work-related injury or occupational disease.
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The amount of money an employee is paid quoted by the compensation frequency unit.
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The salary amount the employee is paid.
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66 2/3% of the average weekly wage up to a maximum benefit established by the Division of Workers' Compensation.
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What injured workers are paid for time they have missed from work because of an injury. The compensation rate equals 80% of the injured workers's average weekly wage after taxes have been taken out. Currently, the maximum compensation rate is $441.00
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The amount of wages an employee is paid each pay period. The compensation rates for UF Employees are biweekly or hourly.
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