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Primary formula: paidTimeOffValueAnnual = dailyPay ร— paidTimeOffDays
Duc Nguyen X.By Duc Nguyen X.ยท Founder, Wage101Last reviewed: View update historyMethodology

Educational only: Work and pay decision support, not tax, legal, financial or career advice.

Privacy: No account is required. Tool inputs and results stay in this browser. Anonymous categorical usage analytics send only governed page, tool, cluster and action identifiers; tool inputs and results are never sent. Error monitoring is disabled. Optional saved state stays only on this device.

Update policy: Reviewed when formulas or official dependencies change.

Scope: Market-neutral work and pay planning using your own assumptions.

Best for

Putting paid leave days and a proposed cash raise on one gross-pay basis.

Outputs

Paid time off value, daily pay, extra leave value and raise less extra leave value.

Start here

Enter annual pay, the paid schedule and the leave days you want to compare.

Close-intent boundary
Do not use this to compare a cash raise without valuing leave; use Pay Raise Calculator for the pay change, and determine statutory leave separately.

Compare benefits, equity and leave

Paid time off value, daily pay, extra leave value and raise less extra leave value.

Scenario comparison

Each row names the assumption axis changed from the baseline.

ScenarioResultDifference
Entered scenario6,000.00Baseline
Paid time off days: 216,300.00300.00

Save these results, change an input, then compare the updated figures with this baseline.

The baseline is temporary in this tab and is not added to shared scenario links or generated reports.

View calculation detailsView the formulas and inputs used for these results.

Annual paid time off value

Paid time off valuepaidTimeOffValueAnnual = dailyPay ร— paidTimeOffDays6,000.00 currency units
Result6,000.00 currency units

Daily pay multiplied by entered paid time off days. Displayed using the engine-rounded value.

Annual paid time off value formula โ†’

Implied daily pay

Implied daily paydailyPay = annualPay รท (workDaysPerWeek ร— paidWeeksPerYear)300.00 currency units
Result300.00 currency units

Annual pay converted through the entered weekly schedule. Displayed using the engine-rounded value.

Implied daily pay formula โ†’

Extra leave value

Extra leave valueextraPaidTimeOffValueAnnual = dailyPay ร— extraPaidTimeOffDays1,500.00 currency units
Result1,500.00 currency units

Daily pay multiplied by additional leave days. Displayed using the engine-rounded value.

Extra leave value formula โ†’

Raise less extra leave value

Raise less extra leave valueproposedRaiseLessExtraPaidTimeOffValue = proposedAnnualRaise โˆ’ extraPaidTimeOffValueAnnual1,500.00 currency units
Result1,500.00 currency units

Proposed annual raise minus extra leave value. Displayed using the engine-rounded value.

Raise less extra leave value formula โ†’
Annual pay
78,000.00 currency units
Weekly hours
40
Workdays per week
5
Paid weeks per year
52
Paid time off days
20
Extra paid time off days
5
Proposed annual raise
3,000.00 currency units
Open this calculator with preset values

This calculator supports documented, shareable scenario URLs. Compatible assistants and applications can construct links using the parameters below.

Scenario values are visible in the URL, calculations run in the browser, and optional saved state stays only on this device. Anyone you share the URL with can read those numbers, so do not include private or identifying data.

Example: https://wage101.com/tools/paid-time-off-value/?sv=1&annualPay=78000&extraPaidTimeOffDays=5&paidTimeOffDays=20&paidWeeksPerYear=52&proposedAnnualRaise=3000&weeklyHours=40&workDaysPerWeek=5

ParameterMeaningUnitAllowed valuesPresenceDefault
annualPayGross annual pay used to value working time.currency units/year0.01 to 1000000000Required78000
weeklyHoursPaid hours in a typical week.hours/week0.25 to 168Required40
workDaysPerWeekPaid workdays in a typical week.days/week1 to 7Required5
paidWeeksPerYearPaid weeks in the annual schedule.weeks/year1 to 53Required52
paidTimeOffDaysPaid leave days in the current package, visibly capped at scheduled annual workdays.days/year0 to 371Required20
extraPaidTimeOffDaysAdditional paid leave days, visibly capped at scheduled annual workdays.days/year0 to 371Required5
proposedAnnualRaiseCash raise compared with extra leave value.currency units/year0 to 1000000000Required3000

Use leave value as a gross-pay equivalence, not as a measure of personal utility.

Primary formula
paidTimeOffValueAnnual = dailyPay ร— paidTimeOffDays

Read the full methodology

Data used here

  • The estimate uses your inputs and the work-value formula documented in the methodology.

Act on the result

Confirm the paid schedule and whether the leave can actually be used or carried over.

Stress-test the decision

Retest extra leave days and compare them with the proposed cash raise.

When this estimate can be misleading

  • The tool does not apply statutory leave rules.
  • Leave utility is not the same as gross pay value.
  • Irregular schedules need an average day.
  • Use leave value as a gross-pay equivalence, not as a measure of personal utility.

Educational estimate, not advice. See all assumptions & limitations โ†’

Use these practical guides to interpret the decision and its assumptions.

Frequently asked questions

What gross-pay value do these paid leave days represent compared with a raise?

Confirm the paid schedule and whether the leave can actually be used or carried over.

Which official source and period does this use?

This market-neutral tool does not use an official local policy rule.

Can I share or save a scenario?

Tool inputs and results stay in this browser. Anonymous categorical usage analytics send only governed page, tool, cluster and action identifiers; tool inputs and results are never sent. Error monitoring is disabled. Optional saved state stays only on this device.

What should stay consistent when I compare the options?

Keep the time basis, units and included costs consistent across options, then verify the assumptions that create the largest difference.