What a SAHM is worth
Find a Conversation
|Fri, 08-31-2007 - 3:29pm|
This may have been done in the past on this board, but not since I've been here.
WHAT IS A MOM WORTH? WORKING MOM vs. STAY AT HOME MOM SALARIES FOR 2006
New Online "Mom Salary Wizard" Lets Moms and Their Families Customize Mom's Job Description and Create a "Mom Paycheck"
Waltham, MA, May 3rd, 2006 -- Salary.com,Inc., the compensation experts, announced today the 2006 update to their valuation of a Stay at Home Mom's job and for the first time addressed the question of what a Working Mom's job is worth. Salary.com consulted with Stay at Home and Working Moms and determined the top 10 jobs that make up a mom's job description. If paid, Stay at Home Moms would earn $134,121 annually (up from 2005's salary of $131,471). Working Moms would earn $85,876 annually for the "mom job" portion of their work, in addition to their actual "work job" salary.
Salary.com found the job titles that best matched a mom's definition of her work to be (in order of hours spent per week): housekeeper, day care center teacher, cook, computer operator, laundry machine operator, janitor, facilities manager, van driver, CEO and psychologist. New job titles that made the list in 2006 include psychologist, laundry machine operator, computer operator, and facilities manager. The job title of nurse fell out of the top 10 this year.
Now, moms and their families can visit http://swz.salary.com/momsalarywizard/htmls/mswl_momcenter.html and create their own "Mom paycheck" with the Mom Salary Wizard®, the first interactive tool that allows moms and their families to price the "mom job," based on location and mom's personal hours worked in each of the 10 roles. Users can create a hypothetical mom paycheck and mom pay stub, which can be printed and emailed to family and friends for Mother's Day.
"The true value in raising my daughter is priceless, because even while working full time, I cherish my moments with her," according to Manya Chait, of Lexington, MA."A mother's job is challenging on so many levels and Salary.com should be commended for recognizing the millions of Stay at Home and Working Moms across the country."
"People recognize that both Stay at Home Moms and Working Moms carry a heavy load of responsibility and work long hours," said Bill Coleman, senior vice president of compensation at Salary.com. "It is an eye-opener for many people when they see the real market value of the work moms perform. This year, by adding information about the compensation for Working Moms, we hope to expand the recognition of just how hard all moms are working and of the economic value they bring to society."
"The rewards I have by being there all the time in spite of my own needs are priceless," said Laura Pennington, a Stay at Home mother of three from El Paso, TX. "My children's well-being and education are my priority regardless of the daily marathon I face from sun up to well after sun down. It's the greatest job in the world."
"We don't want to add fuel to the mommy-war fire," said Meredith Hanrahan, senior vice president of Salary.com Interactive. "Both moms struggle with keeping the house clean and moms of both types reported making tremendous sacrifices to make their children happy, healthy, and successful. Stay at Home Moms give up the benefits of working outside the home, including extra income, title, and career advancement. Working Moms give up more sleep, time for exercise, and skip lunch to spend quality time nurturing and educating their children. In the end, both claim it was well worth it."
Other interesting findings from the 2006 Stay-at-Home/Working Mom Study include:
Moms work an average of 90 hours a week
Working Moms reported spending 44 hours per week at their "work job" and 49.8 hours at their "mom job," for a total of 93.8 hours per week. The Stay-at-Home Mom works 91.6 hours at her mom job.
Working Moms get less sleep
Working Moms reported getting only 6.4 hours of sleep per night, versus 6.7 for the Stay-at-Home Moms.
Two extra hours that Working Moms devote to two jobs result in two fewer hours of sleep
Both kinds of moms report that the "lower paying" mom role of housekeeper is their most common role.
Working Moms work 7.2 hours as housekeeper, versus 22.1 for Stay at Home Moms
Taken together, the three lowest paying roles of housekeeper, laundry machine operator, and janitor represent 29 percent of the Working Mom's "mom job," but as much as 38 percent of the Stay-at-Home Mom's job, suggesting that Working Moms need assistance with these tasks.
"My house isn't as clean as I would like and I want to spend more time with my family"
Working Moms and Stay at Home Moms both spend roughly 4 hours per week nurturing the emotional needs of their kids in the "mom job" of psychologist. The big difference appears to be in the "mom job" of day care center teacher, with Stay at Home Moms reporting an average of 15.7 hours per week and Working Moms reporting 7.2 hours per week.
The desire to have time to teach their children prompted write-in responses from Working Moms, who report being more focused and efficient in their day job so they can come home and have more time for their "mom job."
Often these moms skip lunch, come in early, and give up exercise in order to save time to be with their kids for homework and other activities.
According to one Working Mom, "Work is less important and I have less freedom to attend events and work whenever necessary. I have only certain windows in which I can work. I also have become more of a morning person, so that I can work out, go to work and then be home to see the kids or coach a sport."