Calculate your total compensation package, including base salary and estimated benefits value.
Your Estimated Total Compensation
$0.00
Base Salary: $0.00
Health Insurance Value: $0.00
Dental/Vision Value: $0.00
Retirement Match Value: $0.00
Paid Time Off Value: $0.00
Estimated Bonus: $0.00
Understanding Your Total Compensation
When considering a job offer, it's crucial to look beyond just the base salary. Your total compensation package includes your base pay plus the monetary value of your benefits and other perks. This calculator helps you quantify the complete value of your employment, allowing for more informed decisions and better negotiation strategies.
How the Calculator Works:
The calculator takes your provided base salary and estimates the value of common benefits. Here's a breakdown of the calculations:
Base Salary:
This is the straightforward salary figure you enter. It forms the foundation of your compensation.
Health Insurance Value:
This benefit represents the employer's contribution towards your health insurance premiums. If your employer covers a portion or all of your premium, that covered amount is added to your total compensation. The calculation assumes the input is the annual premium the employer *would pay* or the total annual premium if the employer subsidizes it. A common way to estimate is the total annual premium minus what the employee pays.
Dental/Vision Value:
Similar to health insurance, this accounts for the employer's contribution to dental and vision plans. The value is the amount your employer contributes annually.
Retirement Match Value:
Many employers offer a match for contributions to retirement plans like a 401(k). For example, if you contribute 6% of your salary and your employer matches 50% of that, they contribute 3% of your salary. The calculator computes the employer's direct contribution based on your base salary and their matching percentage.
Calculation: (Base Salary * Your Retirement Contribution Percentage / 100) * Employer Match Percentage / 100
Paid Time Off (PTO) Value:
While you don't receive cash for PTO days directly, they have a monetary value equivalent to your working days. This calculator estimates this value by multiplying the number of PTO days by your average daily rate (derived from your base salary or a direct input).
Calculation: Paid Time Off Days * Average Daily Rate
Estimated Bonus:
If your role includes a potential bonus, this is an estimate of that value, often expressed as a percentage of your base salary.
Calculation: Base Salary * Bonus Potential Percentage / 100
Total Compensation:
The final figure is the sum of your base salary and the calculated values of all included benefits and potential bonuses. This provides a more holistic view of your earnings potential.
Why Use This Calculator?
Job Offer Evaluation: Compare multiple offers accurately by understanding the full value of each package.
Salary Negotiation: Equip yourself with data to negotiate effectively for better salary and benefits.
Financial Planning: Gain a clearer picture of your overall financial standing and earning potential.
Remember, the values for health insurance and other benefits are often estimates. Always refer to your official offer letter and benefits documentation for precise figures.
function calculateTotalCompensation() {
var baseSalary = parseFloat(document.getElementById("baseSalary").value) || 0;
var healthInsurancePremium = parseFloat(document.getElementById("healthInsurance").value) || 0;
var dentalVisionPremium = parseFloat(document.getElementById("dentalVisionPremium").value) || 0;
var retirementMatchPercentage = parseFloat(document.getElementById("retirementMatch").value) || 0;
var yourRetirementContributionPercentage = parseFloat(document.getElementById("retirementContribution").value) || 0;
var paidTimeOffDays = parseFloat(document.getElementById("paidTimeOffDays").value) || 0;
var averageDailyRate = parseFloat(document.getElementById("averageDailyRate").value) || 0;
var bonusPotentialPercentage = parseFloat(document.getElementById("bonusPotential").value) || 0;
// Ensure inputs are non-negative
baseSalary = Math.max(0, baseSalary);
healthInsurancePremium = Math.max(0, healthInsurancePremium);
dentalVisionPremium = Math.max(0, dentalVisionPremium);
retirementMatchPercentage = Math.max(0, retirementMatchPercentage);
yourRetirementContributionPercentage = Math.max(0, yourRetirementContributionPercentage);
paidTimeOffDays = Math.max(0, paidTimeOffDays);
averageDailyRate = Math.max(0, averageDailyRate);
bonusPotentialPercentage = Math.max(0, bonusPotentialPercentage);
// Calculate individual benefit values
var healthInsuranceValue = healthInsurancePremium; // Assuming the input is the annual employer cost or total premium
var dentalVisionValue = dentalVisionPremium; // Assuming the input is the annual employer cost or total premium
// Calculate employer's retirement match
var yourContributionAmount = (baseSalary * (yourRetirementContributionPercentage / 100));
var retirementMatchValue = yourContributionAmount * (retirementMatchPercentage / 100);
// Calculate PTO value
var paidTimeOffValue = paidTimeOffDays * averageDailyRate;
// Calculate estimated bonus
var bonusValue = baseSalary * (bonusPotentialPercentage / 100);
// Calculate total compensation
var totalCompensation = baseSalary + healthInsuranceValue + dentalVisionValue + retirementMatchValue + paidTimeOffValue + bonusValue;
// Format currency
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
minimumFractionDigits: 2,
maximumFractionDigits: 2
});
// Display results
document.getElementById("totalCompensationValue").innerText = formatter.format(totalCompensation);
document.getElementById("resultBaseSalary").innerText = formatter.format(baseSalary);
document.getElementById("resultHealthInsurance").innerText = formatter.format(healthInsuranceValue);
document.getElementById("resultDentalVision").innerText = formatter.format(dentalVisionValue);
document.getElementById("resultRetirementMatch").innerText = formatter.format(retirementMatchValue);
document.getElementById("resultPaidTimeOff").innerText = formatter.format(paidTimeOffValue);
document.getElementById("resultBonus").innerText = formatter.format(bonusValue);
}