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What is an hour of your time worth? ave you ever calculated exactly what an hour of your time is worth? Below you will see a table that breaks down the estimated value of an hour of time, based on your annual salary (The table below is NOT pricing for our services).
First we’ve taken your hourly rate, then added the average amount paid in employer benefits and then included the cost of 40 miles of travel at .50 cents a mile (government rate as of November, 2007 is .485 cents per mile, accounting for gas & wear and tear on your vehicle). This will give you a good picture of precisely what an hour of your time running errands is worth. We are all familiar with the term “time is money.” The chart below will help you decide...are you really making the most of your time & money?
Call 757.618.0055 today to discuss your needs and how we can save you money by tackling your “to do’s.”
For many who do the math, it’s easy to see how hiring a personal concierge to handle your responsibilities will easily pay for itself. Whether it allows you more time to dedicate to work, family, friends or yourself, having a personal concierge to assist you help make your life easier.
Call 757.618.0055 to set up your FREE initial consultation. In a quick 15-30 consultation, we can learn more about you and create a customized pricing package to meet your needs.
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Proudly serving the VA Beach, Chesapeake & Norfolk, VA area.
Call 757.618.0055 INSURED & BONDED info@mytimeyourtime.net |
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(NOTE: This is an estimated calculation of what an hour of time is worth, based on annual salary. This is NOT a price list of our services) * Average Employer costs are estimated at 31% of annual salary per year, based on 2007 |
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Yearly Salary |
Hourly Rate |
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*Avg Benefit paid by Employer per hour |
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Cost of running your own errands (40 miles @ .50 per mile) |
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Estimated value of One Hour of Your Time |
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$20,000 |
$9.62 |
+ |
$2.98 |
+ |
$20.00 |
= |
$32.60 |
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$35,000 |
$16.83 |
+ |
$5.22 |
+ |
$20.00 |
= |
$42.04 |
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$50,000 |
$24.04 |
+ |
$7.45 |
+ |
$20.00 |
= |
$51.49 |
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$65,000 |
$31.25 |
+ |
$9.69 |
+ |
$20.00 |
= |
$60.94 |
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$80,000 |
$38.46 |
+ |
$11.92 |
+ |
$20.00 |
= |
$70.38 |
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$95,000 |
$45.67 |
+ |
$14.16 |
+ |
$20.00 |
= |
$79.83 |
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$110,000 |
$52.88 |
+ |
$16.39 |
+ |
$20.00 |
= |
$89.28 |
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$125,000 |
$60.10 |
+ |
$18.63 |
+ |
$20.00 |
= |
$98.73 |
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$140,000 |
$67.31 |
+ |
$20.87 |
+ |
$20.00 |
= |
$108.17 |
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