Your wage/salary

[YoshiSato]

Besides you hourly rate what else should you add to get the total package value?

Lets say you get 2 weeks vaction a year, a week of sick leave and 7 holidays.
Now lets say last year you worked the holidays and got double time.

I was thinking of adding everything up, the double-time/holiday pay + vacation time + sick leave to my base pay the thow in the cost my company pays for insurance and come up with a total dollar amount.

How would I compare that to a position that does not offer insurance(or not as good as a policy), not as much vacation time and no chance of double-time on holidays(would still have off though)

 

[DivideBYZero]

Would you like my CC number and my address, too?

 

[imported_Mike]

I don't get vacation time

 

[YoshiSato]

Originally posted by: DivideBYZero
Would you like my CC number and my address, too?

Well, If your offering, sure why not

 

[Axoliien]

I put weights on each value when I look at total. I prefer opportunity to get free training and travel for experience, which I know I would not have received some other places, and this year alone I have had 12 certification classes for free, costing about 4-6K each. I consider that great career building opportunity and factor the enjoyment in.

For the actual pay, though, I put in how much they say I earn per hour by taking annual salary and dividing by total number of days worked. I count weekends, holidays, and any comp as unpaid, and the rest I consider are paid days per year (if you are taking vacation you are getting paid for not being there is all, so they are still paid work days, not bonuses). Where I work now all my costs for retirement, insurance, etc comes out pre-tax, whereas some did not from other places, so those calcualtions are different when looking at total income.

In all, I pretty much calculate on the level how much per hour I make at each place, then give a rating to each place, and decide if one place is lower pay but I like it more, how much difference would I require to make me work at the higher pay. Depends on what you want, to really enjoy your work environment or to really enjoy the pay! If you get both, take the job and never look back!

 

[Eos]

$8.50 per hour base wage
commission bonus of about $80-$110 per month
free donuts every Monday
free lunch 3 Fridays per month. We potluck the first Friday of every month.
free DS3 internet access, although I can't access google images or yahoo mail.
Parties with prizes at Christmas (board game), Easter (Sony digital camera) and July.
they bought me a high quality office chair
easy job 8 hours per day instead of the 10-14 I used to do driving truck
no benefits
no overtime

My income pays for our housing and utilities. I do my part according to my g/f.

 

[MetalMat]

2 weeks of vacation, plus a 2 week on/ 1 week off schedule.

 

[YoshiSato]

You people totally missed the point of my post.

I'm trying to figure out how to add up to total "value" of my current job and compare it to another.

Is it just as simple as taking my gross pay last year add in unused vacation/sick leave to my current rate + what my company is paying for my health insurance and then take that total and start looking for a job that pays more or is it more complicated than that?

 

[Bashbelly]

I believe being happy at your workplace = $50,000 lol.

 

[BigJ]

At my place, they calculate the Total Value for you.

They factor in Vacation, Sick, Benefits, Stock Matching, 401k, Social Security, Stock Purchasing Plan, etc.

They also give employee discounts through various retailers. For example, I get 25% off my Verizon bill every month.

Gimme a sec, and I'll give you a full list of what they total.

EDIT: Here it is.

Base Compensation
Store Projected Bonus
Employee Stock Plans
401k
Social Security

These insurances:
Medical
Dental
Vision
Disability
Life

Paid Time off

 

[necine]

10/hr
no extra ******.
life sucks.

 

[Engineer]

Answer: Not enough (on all counts)

Next year: 4 weeks vacation, 3 good attendance days (lose good attendance days if taking sick days), 11 paid holidays. Paid overtime. Worked 1,500+ hours of OT in 2005. Not nearly that many this year. 1.5% match on 401k. 1% per year pension plan (started with 1-2/3% per year for the first 13 so I'll have around 38% after 30 years of service).

Answer again: Not enough!

 

[spidey07]

Originally posted by: YoshiSato
You people totally missed the point of my post.

I'm trying to figure out how to add up to total "value" of my current job and compare it to another.

Is it just as simple as taking my gross pay last year add in unused vacation/sick leave to my current rate + what my company is paying for my health insurance and then take that total and start looking for a job that pays more or is it more complicated than that?

Calculate total monetary compensation for the year (money given to you in any form, account for taxes/tax savings)
Subtract money paid for benefits (don't forget taxes)
Divide by hours actually worked.

That is your price per hour worked. That is your value in dollars.

Only you can decide if other soft benefits are worth it.