Going forward I'm including calculations for free lunch, the relatively excessive amount of PTO days I get every year (30+), and the relatively affordable insurance I have ($140 per monthly for a family). Locally I think it will be hard to get a similar benefit package so I'm going to quantify those benefits and bake them into my "salary".
At a previous company I found an internal excel document with everyone's salary, from the CEO down to his assistant. On the doc my salary was inflated ~25K to what my actual gross was, I can only assume these perks/benefits were included on top of the salary. But it shows they see that on paper that's how they saw my salary hit. I think it would be wise to include these in your previous "salary".
I never did find any more details on the document though :(
There is a fully loaded cost for an employee. It includes the salary, the companies portion of taxes, benefits, etc... The employee may not know those numbers exactly, but the employer must because that is real cash leaving the door every month.
True, and on the flip side many employees don't factor this in when asking for salary raises and negotiations. A $20K bump is viewed as a fraction of your "fully loaded cost" as opposed to your base salary which you will be benchmarking against.
There was a post on hacker news a few months ago that explained exactly this. I believe it's a fair way of calculating it (if you feel that you must disclose something for whatever reason).
Exactly! My company's internal benefits page tells me my compensation is "salary + employer side of medical, dental, vision + employer 401k match". I always chuckle at how high that number is compared to my actual paycheck...
