Compensation Calculator

Switching to a new job can be hard and one of the hardest parts is making sure that your compensation is not being compromised by taking on a new position. This utility app is designed to help get all variables on the table to easily view what is your total compensation now and compare it to another offer.

To get started, please grab your latest paycheck so you can easily reference numbers from there.

All information entered is never stored either locally or on a server. Once you refresh this page, all entered data will disappear.

Calculator

Income

How often do you get paid? Weekly (~52 paychecks per year) Every other week (~24 paychecks per year) Twice a month (24 paychecks per year) Once a month (12 paychecks per year)

What was your gross pay on your last paycheck?

$

This is the amount before taxes are taken out.

How much additional income do you get per year?

$

This could be bonuses or any other one-time payments you typically receive.

How much does your company match for retirement (example: 401k)?

%

How many days off does your company offer?

days

You may get partial days so 2.5 days is a valid entry. This should include all holidays, paid time off, sick days, etc.

Work and Travel Information

How many hours are you expected to work per day?

hours per day

How many days a week are you expected to work?

days per week

How many days a week do you get to work remotely?

days

You may get partial remote days so 2.5 days is a valid entry.

How many miles do you have to drive to get to work, one-way?

miles

This is only for one-way so please do not double the number.

How many minutes does it take to get to work one-way?

minutes

This is only for one-way so please do not double the number.

What is the current IRS rate for mileage?

$

per mile

For 2021, the rate is $0.56 per mile. Find the latest value here (opens in a new tab/window): https://www.irs.gov/tax-professionals/standard-mileage-rates

Insurance Coverage

Insert insurance stuff here, it's complicated...

Results

Category	Annualized Values ($)
Gross Salary	$0.00
Additional Compensation	$0.00
Employer Match	$0.00
Paid Time Off/Holidays	$0.00
Mileage	$0.00
Time Driving	$0.00
Annual Total Compensation	$0.00

Formulas

Gross Salary

$$\text{Gross Pay per Paycheck}\ast \text{Paychecks per Year}$$

Additional Compensation

$$\text{Additional Compensation per Year}$$

Employer Match

$$(\text{Annual Gross Pay}+\text{Additional Compensation per Year})\ast \text{Employer Match (\%)}$$

Paid Time Off/Holidays

$$\text{Days Off per Year}\ast \frac{\text{Annual Gross Pay}}{(52\ast \text{Days Expected to Work per Week})}$$

Mileage

$$2\ast \text{Miles one-way}\ast \text{Days Actually Worked On-Site per Year}\ast \text{Mileage Rate from IRS}$$

Time Driving

$$2\ast \text{Minutes one-way}\ast \frac{\text{1 hour}}{\text{60 minutes}}\ast \frac{\text{Annual Gross Pay}}{\text{Expected Hours per Year}}\ast \text{Days Actually Worked On-Site per Year}$$

Total Compensation

$$(\text{Gross Pay}+\text{Additional Compensation}+\text{Annualized Employer Match (\$)}+\text{Paid Time Off (\$)})-(\text{Mileage}+\text{Time Driving})$$