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Salary Calculation Formula:
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The Stay At Home Mom Salary Calculator estimates the equivalent monetary value of the various roles and responsibilities performed by stay-at-home mothers in Singapore. It helps quantify the economic contribution of unpaid domestic work.
The calculator uses the formula:
Where:
Explanation: The equation calculates the total equivalent salary by summing the product of hours spent and market rates for each domestic role performed.
Details: Recognizing the economic value of domestic work helps acknowledge the significant contribution of stay-at-home parents to family wellbeing and society, promoting better work-life balance policies and financial recognition.
Tips: Enter hours spent and market rates for different roles (e.g., childcare, cooking, cleaning). You can calculate up to three different roles. All values must be non-negative numbers.
Q1: Why calculate stay-at-home mom's equivalent salary?
A: It helps recognize the economic value of unpaid domestic work and provides perspective on the financial contribution of stay-at-home parents.
Q2: What are typical market rates for domestic roles in Singapore?
A: Rates vary but typically range from S$10-25/h for childcare, S$15-20/h for cooking, and S$12-18/h for cleaning, depending on experience and specific tasks.
Q3: How many roles can I calculate?
A: The calculator supports up to three different roles to account for the multiple responsibilities typically handled by stay-at-home moms.
Q4: Is this calculation recognized officially?
A: While not used for official salary purposes, it serves as an educational tool to highlight the economic value of domestic work.
Q5: Can this calculator be used for other family members?
A: Yes, it can be adapted to calculate the equivalent value of domestic work performed by any family member.