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SAVE ASPRINTCalculating pre-injury average weekly earnings Effective 1 March 2021 Workers Compensation Act 1987Note: This form is to be used for workers with a date of injury before 21 October 2019.
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To fill out average weekly earnings, follow these steps:
02
Collect the information about the weekly earnings for a specific period.
03
Add up all the weekly earnings for the specified period.
04
Determine the duration of the period in weeks.
05
Divide the total earnings by the number of weeks to calculate the average weekly earnings.

Who needs average weekly earnings?

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Average weekly earnings are needed by various individuals and organizations including:
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- Employees who want to track and analyze their income over a specific period of time.
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- Employers who need to calculate average weekly wages for payroll purposes.
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- Researchers or statisticians who analyze and compare income trends.
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- Government agencies for economic analyses and policy-making.
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- Financial institutions assessing loan eligibility based on income.
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- Individuals or organizations involved in legal or insurance matters where income is a factor.
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Average weekly earnings refer to the mean amount of wages earned by an employee over a specified period, typically calculated by taking the total earnings for a week and dividing by the number of hours worked.
Employers are generally required to file average weekly earnings for their employees, particularly for the purpose of calculating certain benefits, such as workers' compensation or unemployment insurance.
To fill out average weekly earnings, one must gather all relevant earnings data for the period in question, calculate the total earnings, and then divide that total by the number of weeks worked to derive the average.
The purpose of average weekly earnings is to provide a standardized measure of an employee's earnings to aid in the calculation of benefits, including unemployment, insurance claims, and retirement payments.
Typically, the reported information includes the total earnings for the relevant period, the number of weeks worked, and any additional identifying information about the employee or the employer.
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