Archive for October 4, 2006
I work 37.5 hours a week for a total of 1950 hours a year.
At $100,000 a year I make $51.28 an hour.
Now figure in the 11 federal holidays and 4 1/2 weeks of vacation.
And that $51.28 an hour changes to $59.00 an hour.
Now add in my employer’s 401(k) match of $3000.00, a $5,000 bonus, and medical & dental benefits of $7,000. And you’re looking at an income of $115,000. For an hourly rate of $67.85.
It goes to show that you shouldn’t discount benefits when comparing jobs. Salary is obviously the biggest portion of your pay, but the other benefits add up. In my case to over $16.57 an hour.