How RealJobPay works

RealJobPay compares two hourly jobs using the numbers you enter.

Pay

Regular pay = hourly wage × regular weekly hours × working weeks. Overtime = hourly wage × overtime multiplier × average overtime hours × working weeks.

Commute

Estimated commute cost = round-trip miles × commute days × working weeks × your chosen per-mile vehicle-cost estimate.

Benefits

Employee health premiums are treated as a cost. Employer retirement contributions and other entered employer-paid benefits are treated as compensation.

Effective compensation

Regular pay + overtime − health premiums − estimated commute cost + entered employer-paid benefits.

Break-even wage

The calculator solves for the new job's hourly wage that would make its estimated effective compensation equal the current job while holding the other new-job assumptions constant.

Excluded

Taxes are excluded because individual tax circumstances vary. Commute time is shown separately instead of assigning an arbitrary dollar value to personal time.

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