The compensation calculator is a tool for calculating total compensation packages, including salary, benefits, and other incentives. ## Core Components ### Base Salary - Annual or hourly rate - Overtime considerations - Pay frequency ### Benefits - Health insurance - Retirement contributions - Paid time off ### Incentives - Bonuses - Stock options - Profit sharing ## Application ### 1. Job Offers - Evaluating total value - Comparing opportunities - Making informed decisions ### 2. HR Planning - Budget forecasting - Compensation strategy - Employee satisfaction ## Best Practices - Include all components - Use accurate data - Regularly review calculations