What does the Total Compensation Calculator do?
The “Total Compensation Calculator” is used to estimate the pay and benefits which make up the total compensation package for a given position. It’s important to understand your total compensation when doing personal financial planning as benefits are a significant percentage of compensation you receive in addition to pay.
How can it help me?
- It can assist in estimating the financial impact of changes you are making, or considering making, in your benefits plan.
- It can be beneficial in evaluating a job offer with the state as it compares to your current total compensation or other offers you are considering.
- It can provide valuable data to calculate the best strategy in benefit selection if there are options within other family members’ benefit plans to be considered.
This user-friendly tool allows you to select from drop-down list of values. The total estimated compensation is automatically calculated so you can see all components of the compensation package.
- Position Type (Classified, Exempt, Temporary, Trooper)
- Pay Grade
- Hourly Salary
- Retirement Plan
- Health Insurance
- Dental Insurance
- Life Insurance
This is an estimate of compensation based solely upon values entered by the user and current costs. This is not, and should not be construed as, a guarantee of compensation for any positions. The above calculations are pre-tax and do not include any Market Factor adjustments.