Example
Input: $60k Salary + Benefits
Result: $78,500 Total Value
Step-by-Step Guide
- Base Salary – Your guaranteed annual earnings.
- Add Bonuses – Expected annual cash bonuses.
- Value Benefits – Calculate dollar value of insurance, 401k match, and PTO.
- Review Total – See the real value of the offer.
What is Total Compensation Calculator: Salary + Benefits?
The Total Compensation Calculator reveals the full monetary value of an employment package. Many employees fixate on the base salary, ignoring thousands of dollars in 'hidden' compensation such as employer-sponsored health insurance, 401(k) matching, paid time off (PTO), stock options, and tuition reimbursement.
How it Works
1. Start with Annual Base Salary.
2. Add Cash Bonuses (Signing, Performance).
3. Monetize Benefits (Employer's share of health premiums, value of PTO days, retirement match).
4. Sum all values to find your Total Compensation.
FAQ
How do I value health insurance?
Ask HR for the employer's monthly contribution amount, not just what you pay.
Is PTO worth money?
Yes. Calculate your daily rate (Salary / 260) and multiply by PTO days.
Are stock options included?
Yes, but value them cautiously as they are not guaranteed cash.
What about remote work?
You can assign a value to savings on commute and clothes (e.g., $5,000/yr).
Why calculate this?
To make an apples-to-apples comparison between job offers.
Conclusion
A $60,000 job with great benefits can be worth more than a $70,000 job with none. Use this tool to compare offers accurately and negotiate for perks if the salary is fixed.