Free tool

Compensation package builder with the total value

Enter base salary, bonus and benefits to get the total value of the package per year, a check of what is in it, a ready total compensation statement for the employee, a table for Excel and a benefits survey.

No sign-up. Everything is calculated in your browser, and the numbers are not sent anywhere.

Related courseCompensation and Benefits: pay, bonus and benefits system8 lessons: job analysis and grading, bonus design, building benefits, salary market reviews and budgeting. Homework check and a diploma after the course. $350, 1 year of access.See the course program

1Role and pay

The example fills the form with made-up numbers — replace them with your own.

2Benefits

Tick what the package includes and enter what each benefit costs the company per employee. The builder converts days off into money itself, using the daily rate from base salary.

3Total value of the package

Add benefits, build the statement and the table

4Package check

The builder does not compare your package with the market: it shows gaps in what the package contains and in the math.

5Total compensation statement

One page where a person sees the whole package in money. It goes into the job offer and is handed to employees once a year.

6Table and benefits survey

Table for Excel and Google Sheets

The package row by row: item, amount per year, share of total value. Copy it and paste into the first cell of a sheet — the columns line up on their own.

Survey: “Which benefits matter most to you”

The ticked benefits turn into an anonymous survey: a 1 to 5 rating for each, a pick of the top three and a question about what is missing. Google Forms and Microsoft Forms can build a form from a description — paste the prompt into their assistant.

Package built. What nextCourse: Compensation and BenefitsHow to build the whole system: grades and salary ranges, bonuses tied to company goals, benefits and their budget, salary market reviews. 8 recorded lessons, homework check and a diploma. $350, 1 year of access.See the course program

How it works

What is a compensation package

A compensation package is everything an employee gets from the company for their work: base salary, bonuses and one-time payments, plus benefits such as insurance, learning, extra days off and equipment. Compensation is the money; benefits are everything else that also has a cost.

The builder adds the package up into one number — its total value per year. You enter base salary, the target bonus and the cost of each benefit, and it shows the structure of the package, finds gaps in what it contains and builds a one-page statement where the employee sees the whole package in money.

What a package is made of

Base salary
The fixed part: the employee gets it regardless of results.
Bonus
The variable part: the amount at target, not guaranteed.
Benefits
Insurance, learning, time off, equipment — the company’s cost per person.
One-time payments
A sign-on bonus, for example: counted separately from the yearly value.
Related courseCompensation and Benefits: pay, bonus and benefits system8 lessons: job analysis and grading, bonus design, building benefits, salary market reviews and budgeting. Homework check and a diploma after the course.$3501 year of accessSee the course program

Questions about compensation packages

What does a compensation package include?

A fixed part (base salary), a variable part (bonuses for results), one-time payments and benefits. The builder sorts benefits into seven groups: health, time off, learning, flexibility, family, equipment and daily life, and long-term programs.

What is the difference between compensation and benefits?

Compensation is money for the work: base salary, bonuses, one-time payments. Benefits are what the company provides on top of money: health insurance, learning, extra days off, meals, equipment.

How do you calculate total compensation?

Add up annual base salary, the bonus at target and the yearly cost of every benefit per employee. Days off are converted to money at the daily rate: annual base salary divided by 260 working days.

What is a total compensation statement?

A one-page summary that shows an employee the whole package in money: pay and each benefit with what it is worth. Companies put it into the job offer and hand it to employees once a year.

Can I use this as a compensation package template in Excel?

Yes. The builder copies the package as a table — item, group, amount per year, share of total value. Paste it into the first cell of an Excel or Google Sheets file and the columns line up on their own.

How do I find out which benefits employees want?

Ask them. The builder turns your benefits into an anonymous survey: a 1 to 5 rating for each benefit, a pick of the top three and a question about what is missing. A ready prompt creates the form in Google Forms or Microsoft Forms.

Back to the compensation package guide

All free HR tools →

Not sure where to start? Write to us.

We will help you choose a course for your goal and answer questions about the subscription — in any messenger you prefer, during business hours.