when you add the value of Aurora's benefits to her salary, how much is she earning per year?
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Advice Salary & Benefits Employee Benefits
Calculate Your Benefits' Worth to Evaluate the Offer
How do benefits like health insurance and retirement plans figure into your compensation? We help you add it all up.
Peter Vogt, Monster Senior Contributing Writer
Calculate Your Benefits' Worth to Evaluate the Offer
The best way to put a dollar value on benefits as part of a job offer is to ask the prospective employer to do it for you, says management expert Lonnie Pacelli, author of The Project Management Advisor.
Jim Greeley, director of career services at Merrimack College in North Andover, Massachusetts, acknowledges that might make you nervous, as it should without an offer in hand. "But with an offer, it's a totally reasonable question," he says.
Benefits could be worth a few thousand dollars as part of your total compensation package. Consider the two most common benefits offered to new college grads: health insurance and retirement plans.