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Job Share Financial Assessment Calculator
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Fill in yellow cells with information completed in Module I: Lesson 2 The Simple Job Share Financial Assesment
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Projected Annual Income Job Sharing
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Step 1Annual Income of Full-time Position You'll be Job Sharing (LINE 1)$120,000Use the PDF to fill in blanks noted as "LINE 1", "LINE 2", etc.
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Step 2Minimum Income Needed to Job Share
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Minimum Monthly Income (LINE 2)$7,000Minimum Gross Income (before taxes) you need to make each month.
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Minimum Annual Income$84,000
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Step 3Calculating Job Share Team Annual Income
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You / Job Share Partner A days worked weekly (LINE 3)3Days per week you expect to work.
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Job Share Partner B days worked weekly (Your Partner)2Days per week you expect your partner to work.
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Total Days per week for Job Share Position5Traditional 5 day/40 hour workweek = 1 workweek
A 6 day/48 hour workweek = 1.2 workweeks
A 7 day/56 hour workweek = 1.4 workweeks
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Prorated Workweek for Job Share Team1
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Prorated Annual Salary for Job Share Team$120,000Based on additional hours over traditional work week by Job Share Team. This is the salary you'll ask your employer for the full time position you'll be job sharing.
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Step 4Your Days a Week at Work
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Percentage of workweek you work60%This line shows the calculated percentage of the workweek you work. If Partner A and Partner B each work 3 days, the split is 50%/50%. If Partner A works 4 days and Partner B works 2 days, the split is 67%/23%, etc.
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Your Annual Prorated Job Share Income $72,000This is the amount you can expect to make per year based on information entered above.
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Step 5Monthly Savings by Job Sharing (LINE 4)$130Money you will save monthly by working a partial workweek
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Annual Savings Adjustment with Job Share$1,560That number multiplied by 12 months
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Step 6Your Projected Adjusted Annual Income in Job Share $73,560Income with adjustment for savings above
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Minimum Annual Income$84,000The income you said you needed to make a job share work for you
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Variance-$10,440Variance of income. A positive number indicates you will make that amount more than you determined you need per year. A negative number (Example: -$200) indicates you would need to adjust job share or find alternate income for this variance.
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Reminder: You only need to fill in the highlighted cells. The rest of the cells are calculated for you.
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Your Job Share's Future Earnings Potential
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Step 7
Projected Raises, Bonuses and Promotions Based on Projected Annual Income
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PROJECTED RAISES
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Calculating Annual Raise in Current Job Share Position:
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Year 1 Annual Income$73,560
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Year 2 Annual Income with expected 5% raise$77,238
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Year 3 Annual Income with expected 5% raise$81,100
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Year 4 Annual Income with expected 5% raise$85,155
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Year 5 Annual Income with expected 5% raise$89,413
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PROJECTED BONUSES
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Expected Yearly Bonus for Current Position
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(Remember: divide by % of job share workweek)
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Year 1$73,560
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Bonus (enter projected bonus here)$2,000
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Annual with bonus$75,560
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Year 2 with raise$77,238
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Bonus (enter projected bonus here)$0
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Annual with bonus$77,238
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Year 3 with raise$81,100
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Bonus (enter projected bonus here)$0
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Annual with bonus$81,100
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Year 4 with raise$85,155
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Bonus (enter projected bonus here)$0
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Annual with bonus$85,155
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Year 5 with raise$89,413
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Bonus (enter projected bonus here)$0
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Annual with bonus$89,413
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PROJECTED PROMOTIONS
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Promotion in Current Position
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Annual Income before promotion$0
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Annual Income with Promotion (based on 10% increase)$0
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PROJECTED CAREER CHANGE
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Make a Career Change into a New Job Together
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(Estimate 15% salary increase, including projected annual raises)
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Your Annual Income Year 1+ 15%$84,594
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Your Annual Income after Year 2 + 15%$88,824
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Your Annual Income after Year 3 + 15%$93,265
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Your Annual Income after Year 4 + 15%$97,928
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Your Annual Income after Year 5 + 15%$102,825
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