This is a three$-$part assignment.

First, using Salary.comLinks to an external site., research the Total Compensation $($Wages$/$Salary $+$ Benefits$)$ for positions you would like to hold in $2$ years, $5$ years, and $10$ years in the same job family $-$ these positions should represent logical promotions. Build a table with the titles and the three years' information with the $25\%$ile, the $50\%$ile, and the $75\%$ile.

Second, perform a Cost of Living Analysis using Salary.com's Cost of Living CalculatorLinks to an external site.. Use a base salary of $$60,000$ and use Columbus, Ohio as your Home and Work location. Find $3$ locations which provide a Positive Change in Net Disposable Income and $3$ locations which provide a Negative Change in Net Disposable Income. You can put this into a table in Word.

Third, use the Future Value of an Annuity calculatorLinks to an external site. to calculate the future value of your positive net disposable income figures for $20,30,$ and $40$ years. Use an $8\%$ rate of return for your calculations. Also, remember that a negative figure works the same way...unless you figure out a way to make things work, you dig the whole deeper! Put this into a table in Word.

What did you learn by doing these assignments about how to price a job and find out the impact of cost of living and regional markets on a job's worth? $($position: hotel manager$)$