“Salary.com, Inc. a leading provider of on-demand compensation management solutions, announced today the 2007 Mom Salary survey. Based on its survey of more than 40,000 mothers, Salary.com determined that the time mothers spend performing 10 typical job functions would equate to an annual salary of $138,095 for a stay-at-home mom. This is a three percent increase over the 2006 salary of $134,121, but still nearly one percentage point below employers’ predictions of an average 3.9 percent annual pay increase, according to a Salary.com survey. Working mom’s “at-home” salary is $85,939 in 2007— an increase of only $63 from last year; this is in addition to the salary they earn in the workplace.
This is Salary.com’s 7th year looking at the value of mom’s work, and there’s always a surprise element,” said Bill Coleman, senior vice president and chief compensation officer at Salary.com. “Mom works multiple jobs and rarely gets a break from the action, working an average of 52 hours of overtime. The lower-than-average merit increase reflects that many of the ‘mom jobs’ are not as highly valued as the management, non-exempt and executive jobs performed by most U.S. employees.”
A large portion of mom’s salary is from the amount of overtime worked. According to the Salary.com survey, stay-at-home moms work a 92 hour “workweek” – more than half her time spent on the job is overtime. Working moms, however, logged more than nine hours of overtime for an average 49 hour mom workweek, beyond their full-time paying jobs.”
So who’s going to pay mom’s salary? Similac has stepped up to the challenge and is holding a “Similac Mom’s $135K Payday” contest. Click on the link above to enter.
And this is my FAVORITE. THING. EVER. You can print a check for mom (complete with paystub) since Mother’s Day is right around the corner.
Use the Mom Salary Wizard to create a paycheck that allows you to price the “mom job” based on your location and personal hours worked in each of the 10 roles. You can even email it if you want.
So there ya have it. I would be tickled to earn $135K a year to do what I love, but then again…I must love it, because I’m doing it for free.
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