We help companies demonstrate that flexibility is a valuable part of their total rewards package, enabling them to attract, engage, and retain top talent without relying solely on salary increases.

Provide your data

Just an easy 2-step process that helps you to understand the ECONOMIC VALUE OF YOU PERSONAL TIME (EVPT). The whole process should not take longer than 10 minutes

STEP 2. SUBMIT YOUR DATA

Just a few questions to measure the economic impact of your company's flexible work arrangements.

STEP 1. CALCULATE YOUR EVPT

Complete the EVPT Calculator below to determine the monetary value of your personal time. Be sure to save or record your final EVPT value before moving on to Step 2, as it will be required for the next questionnaire.

How to fill the EVPT Calculator

  • Im = Total monthly net income after taxes

  • Ht = Number of effective hours worked per month

  • Dp = Total in USD/EUR of your debts ( total amount of debt). Not household or family debt, but only yours as an individual

  • Pn = Net Assets ( Total value in USD/EUR) of properties, shares, cash, investments, etc. You should consider fixed assets and liquid assets.

  • Emax = maximum age you expect to live. In most cases, the default value is 80 years old.

  • Ea = your actual age

  • Nd = Number of dependents. People who fully depend on you, like children or older parents, grandparents, etc.

  • Rf = Family responsibility. The value associated with the family burden. The value entered must be between 0 and 1. The closer to 1, the higher the family burden is. This value is used to model the degree of dependence of the dependents.

  • Ts: Subjective Valuation of the Free Time. This value models how important it is for you the value your free time versus your working time. If you consider your free time twice as valuable as your work time, then Ts = 2.

  • Sa: Perceived health of the individual. The value must be a number between 1 and 100, considering the closer to 100, the better the actual health.

Important:

Please write down or save your final EVPT value. This figure represents the estimated monetary value ($) of one hour of your personal or free time. In other words, it reflects how valuable your time outside of work is to you.

In some cases, your EVPT may be lower than your hourly work rate; in many cases, it may be equal to or higher. Regardless of the result, this value is a key input for calculating your Extended Salary and for the Salary+ Impact Index® Certification process.

You will be asked to enter your EVPT value in the next form.

When you are ready, click the button below to continue.

Econtime Consultants is a Service of Copra International LLC . 16192 Coastal Hwy, Lewes, DE 19958, United States. info@econtime.eu, https://econtime.eu

© Copyright Econtime Consultants / Copra Int LLC. All rights reserved

Operational Center at 103 Central Floor 12, Unit 1205, Chiang Mai 50.140 Thailand