Portfolio Project 8, Worksheet
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? |
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|b. |What figure represents the high end? |
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|c. |What is the median figure for this position? |
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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? |
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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 , 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? |
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|b. |What are the benefits alone worth? (Subtract base salary from total compensation.) |
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|c. |If you worked as a freelancer, what would you need to earn to match the benefits of an employee? |
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