Total Compensation Calculator for Faculty and Staff
At MGH Institute of Health Professions, we are committed to providing our faculty and staff competitive compensation and benefits program.
'Total Compensation' includes not only salary, but also additional benefits such as paid leave, insurance benefits, retirement plans, educational assistance programs and more. Just as an example, insurance benefits available for qualifying Institute employees include health, dental, vision, and life. The total compensation estimator provides current and prospective employees with an illustrated breakdown of their total compensation.
Directions:
1. Start by answering the questions below.
2. All questions are required.
3. Click 'Calculate' at bottom left corner
4. If you are unsure of your employment type or any other criteria used in the estimator as it relates to your position, please contact your department HR Rep.
Annual IHP Contribution to Your Benefits
Note: Estimates are based on Benefit Plans for 2016 and full-time employment. The benefits page here provides you basic and medical credit info as well as the total cost for the medical plan you have. Weekly paid staff should view the weekly rates sheets and monthly paid faculty should view the monthly rate sheets. |
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DISCLAIMER The information above is an estimate only and does not represent actual benefits amounts. Eligibility for any benefit shown depends on your satisfying the requirements of the plan chosen. The availability and amount of the benefits is governed by the applicable benefit plan documents and not by this statement. The Institute reserves the right to modify or terminate any benefits at any time in its discretion. If you have a question about the benefits, you may find more benefits information on the HR Intranet site and you can contact your department HR Rep. Estimates do not apply to student workers, part-time workers who are not benefits-eligible and independent contractors.
Current benefits-eligible employees: To view your current base compensation, go to PeopleSoft Self Service, click on Payroll & Compensation and then click on Compensation History. If you have any trouble accessing this, please contact your department HR Rep.
Prospective employees: The information in this statement does not constitute an offer of employment. MGH Institute of Health Professions cannot guarantee that you will receive the above computed benefits if you are hired in a benefits-eligible position. This tool is not intended to be a substitute for formal financial planning advice. Individuals are strongly encouraged to consult with their own independent financial advisor for personal financial planning guidance.