Salary Guide Calculator 2022

You can ask 'What would the company typically pay for this role?' as sometimes, if you lay all your cards on the table and outline your salary expectations, you risk being screened out of the process. This can happen if in the job description the compensation is highlighted as ‘competitive’.

They will then either give a range or provide more details about the position and then ask the question again, at which point you can make a more informed call.

Our article on 'How to answer salary expectation questions' provides more tips on how to answer the 'expected salary' question.

Step 1

Add together your permanent annual salary (for example €100,000) with the monetary equivalent of the benefits you receive each year (for example €3,000).

€100,000 + €3,000

Step 2

Divide that annual worth by how many days you work in a year. On average, contractors will work 230 days in a year. So you divide the total of your permanent salary + monetary equivalent of benefits by those 230 days.

(€100,000 + €3,000) ÷ 230 = €447.83 per day

Step 3

Contractors can typically demand a higher salary - the figure is roughly reported as being 15% more in comparison to a permanent employee.

€447.83 x 115% = €515 (daily contractor rate)

Step 4

Multiply your daily rate by the number of days worked in a year.

The final step in the calculation is to simply multiply that figure (€515) by the number of days worked in an average year (230).

€515 x 230 = €118,450

In this example, €515 per day equates to on an annual basis of €118,450 - significantly more than your permanent position of €100,000 base salary