An Employee’s Perspective
The wage and household budget examples below have been created for your organization to better understand the pressures an employee will have in considering the salary that your organization offers for a position.
SAMPLE WAGE CHART
| Hourly Wage | 37.5 hrs/week | 40 hrs/week |
| $10/ hr | $19,500 | $20,800 |
| $11/ hr | $21,450 | $22,880 |
| $12/ hr | $23,400 | $24,960 |
| $13/ hr | $25,350 | $27,040 |
| $14/ hr | $27,300 | $29,120 |
| $15/ hr | $29,250 | $31,200 |
| $16/ hr | $31,200 | $33,280 |
The pressure to earn a living wage gets harder each year for employees and is mostly dependent on the housing costs of an employee.
Sample Employee Household Budgets
(What does an empoyee’s salary buy per month?)
| % of income |
Monthly wage at $10/hr |
Monthly wage at $16/hr |
|
| INCOME | $1,733.33 | $2,773.33 | |
| EXPENSES: |
|||
| Housing |
50% |
$866.67 |
$1,386.67 |
| Insurance @ $780 80%/20% split |
20% |
156 |
156 |
| Taxes state/city/federal/sales |
8% |
$138.67 |
$221.87 |
| Subtotal |
$1,724.67 |
$2,327.87 | |
| Net for savings |
$8.67 |
$445.47 |
|
What is your organization doing to address the housing or living wage problem for your employees? Check out this post for more information.
