Conducting salary research is essential when exploring careers. Use the information in this free lesson to start exploring salaries.
When you're looking for a job, or deciding whether to switch jobs, you may want to compare the salaries of two or more jobs you're considering. But there's more to a salary than just your paycheck. Sometimes it's worth it to consider a job offer that pays less, but has good employee benefits. Employee benefits may include items such as health insurance, life insurance, or paid sick leave.
For example, let's say you're currently making $30,000 a year. You receive an offer for another job, but that job only pays $28,000 a year. Should you take it?
It depends on what benefits the new job offers, and what new costs might be involved. For example, a longer commute to a new job might cost you money, while receiving health insurance as a benefit might save you money. Each job will come with its own set of costs and benefits, and it's important to weigh all of them before accepting a job offer.
There are many kinds of employee benefits, and it can be difficult to know how much money each one is worth. This Employee Total Compensation calculator will help you estimate how much each of your employee benefits adds to your salary.