Hi all,
how would you calculate the economic value of overtime?
I see two ways to obtain the gross value:
-Based on my actual economic package: (net monthly value/(1-tax rate %)) x 12 months
-Value based: supposing I will do on average 1.5hrs/day of overtime (maybe this value has to be higher in most strategy consulting firms?), that's 30hrs/month (no weekends included). What is the real value of this amount of time spent working instead of living my private life? (opportunity cost)
What would be your approach?
Thanks,
Lorenzo