Salary Calculator Worksheet
Directions: Go to a web site that provides a salary calculator, and learn about the entry-level salary range for your target career.
1. Find your industry category and click on your job description. Choose an entry-level position. Enter your ZIP code to learn the salary range in your location for your target position.
a. / What figure represents the low end of this position’s salary range?b. / What figure represents the high end?
c. / What is the median figure for this position?
2. Find out how much you would need to earn in a different location. Enter the base salary (low end) of your selected position. Enter your current location for “old location” and a new state and city for “new location.”
a. / What would you have to earn in the new location to maintain your standard of living?3. Imagine you are trying to decide between working as a freelancer and working as an employee of a company. As a freelancer, you must supply your own benefits package. As an employee, your benefits are an important part of your total compensation package. At www.salary.com, click on “Benefits” to learn the average benefits package for your selected position.
a. / Including benefits, what is the average compensation for your selected position?b. / What are the benefits alone worth? (Subtract base salary from total compensation.)
c. / If you worked as a freelancer, what would you need to earn to match the benefits of an employee?
Salary Calculator Worksheet
Portfolio Builder CD, Project 8: Demonstrating Your Value to an Employer
© 2004 South-Western, Cengage Learning