Salary Negotiation 101 - Full Time Care Giver; Care.com HomePay
Salary Negotiation 101 - Care.com HomePay: "Salary Negotiation 101
Having the "money talk" is never easy, but we're here to help.
One thing’s for sure–talking about money can be awkward. The family that wants to hire you is trying to stay on budget, but you also have to think of your living expenses.
On top of that, as a full-time caregiver, the conversation only starts with your pay! Professional pay also includes factoring in extra cost to help you qualify for benefits like unemployment coverage, Social Security income, Medicare coverage and more.
If you think you're ready to talk with your employer, our sample email to families can be a good place to start. Or, just keep reading to get more information!
The Basics
Whether you’ve already found a job or you’re still looking, it’s important to know the going rate in your area—and how that compares to what you think is fair. You can use our calculator to get a better idea of what other caregivers are being paid. To get started (and to get some of the benefits we mentioned above), you should understand the difference between “gross” and “net” pay.
Professional Pay — Gross vs. Net
When discussing your pay, it’s very important to understand the difference between gross wages and net pay. Employers and employees often confuse these terms or don’t clarify whether the pay amount they’re negotiating is a gross or net number. In simple terms, gross pay is your pre-tax pay and net pay is the amount you take home. Here’s a sample scenario:
Gross Wages: $500/wk ($26,000 per year)
Tax Withholdings (Single with 2 allowances)
Social Security & Medicare: $38.25"
'via Blog this'
Salary Negotiation 101
Having the "money talk" is never easy, but we're here to help.
One thing’s for sure–talking about money can be awkward. The family that wants to hire you is trying to stay on budget, but you also have to think of your living expenses. On top of that, as a full-time caregiver, the conversation only starts with your pay! Professional pay also includes factoring in extra cost to help you qualify for benefits like unemployment coverage, Social Security income, Medicare coverage and more.
If you think you're ready to talk with your employer, our sample email to families can be a good place to start. Or, just keep reading to get more information!
The Basics
Whether you’ve already found a job or you’re still looking, it’s important to know the going rate in your area—and how that compares to what you think is fair. You can use our calculator to get a better idea of what other caregivers are being paid. To get started (and to get some of the benefits we mentioned above), you should understand the difference between “gross” and “net” pay.
Professional Pay — Gross vs. Net
When discussing your pay, it’s very important to understand the difference between gross wages and net pay. Employers and employees often confuse these terms or don’t clarify whether the pay amount they’re negotiating is a gross or net number. In simple terms, gross pay is your pre-tax pay and net pay is the amount you take home. Here’s a sample scenario:
Gross Wages: $500/wk ($26,000 per year)
- Social Security & Medicare: $38.25
One thing’s for sure–talking about money can be awkward. The family that wants to hire you is trying to stay on budget, but you also have to think of your living expenses.
On top of that, as a full-time caregiver, the conversation only starts with your pay! Professional pay also includes factoring in extra cost to help you qualify for benefits like unemployment coverage, Social Security income, Medicare coverage and more.
If you think you're ready to talk with your employer, our sample email to families can be a good place to start. Or, just keep reading to get more information!
The Basics
Whether you’ve already found a job or you’re still looking, it’s important to know the going rate in your area—and how that compares to what you think is fair. You can use our calculator to get a better idea of what other caregivers are being paid. To get started (and to get some of the benefits we mentioned above), you should understand the difference between “gross” and “net” pay.
Professional Pay — Gross vs. Net
When discussing your pay, it’s very important to understand the difference between gross wages and net pay. Employers and employees often confuse these terms or don’t clarify whether the pay amount they’re negotiating is a gross or net number. In simple terms, gross pay is your pre-tax pay and net pay is the amount you take home. Here’s a sample scenario:
Gross Wages: $500/wk ($26,000 per year)
Tax Withholdings (Single with 2 allowances)
Social Security & Medicare: $38.25"
'via Blog this'
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