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This question is about salaries.
How to calculate total compensation.
To calculate total compensation, you will need to take your base salary and add in all other benefits you will receive. Base salary is money paid to an employee for performing their job. This does not include any bonus or commission. That would be included in the total compensation.
Total compensation takes that base salary, but also includes any and all values of benefits received in your position. This includes commission, bonuses, paid time off, insurance, profit-sharing distributions, retirement plans, and even gym memberships or childcare assistance.
You can calculate total compensation by starting with your base salary and then first adding time-off benefits. Then, figure out your insurance costs. Add any commissions or bonuses. Finally, assess any additional benefits you may receive such as tuition assistance. Any employee matching of retirement funds should be included as well.
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