A long time ago, I discussed the need for a singular method to measure how much one receives from a job, including all tannaim (benefits).
Such a unit of measurement would allow the public to understand the true payoff of a particular job in order to compare possible job offers, serve as a basis for contract negotiations and even, if you look at the bigger picture, serve as a more reliable unit of measurement for a progressive tax system.
I have released a first draft of this creation, which I call the Job Payoff Index, at jobmob for their summer guest blogging contest.
Click here to see the full article and download the first draft of the JPI.
I am aware that while the measurement I propose is a good place to start valuing a potential job, it is far from perfect. It cannot measure important factors in determining your job such as potential for growth, how nice your coworkers are, nor how interesting your job is. But while you decide if you enjoy your job or not, it can tell you, honestly, how much you are making
If you have any corrections or comments, I’d be glad to hear it. My hope is that with the input of users, I will be able to create an updated version 3 or 4 times a year.