Notice Period Value Calculator

See whether serving a long notice period pays or costs you.

πŸ“„

Notice Period Value Calculator

Enter both salaries, the notice period and any start delay.

Notice pay received
β€”
Enter values above
Opportunity cost of the delay
β€”
Net position
β€”
Monthly difference after the move
β€”
Days of notice
β€”
Break-even delay
β€”

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Current monthly salary ($)6000
New monthly salary ($)7000
Notice period (months)3
Extra delay before the new job starts (months)1
ResultValue
Notice pay received$18,000
Opportunity cost of the delay$1,000.00
Net position$17,000.00
Monthly difference after the move$1,000.00
Days of notice91.2
Break-even delay18 months

Values shown are produced by this page in your browser; change any input to update them.

How to use the Notice Period Value Calculator

  1. Current monthly salary ($) β€” default 6000
  2. New monthly salary ($) β€” default 7000
  3. Notice period (months) β€” default 3
  4. Extra delay before the new job starts (months) β€” default 1
  5. Press Calculate to update the results instantly.

Frequently asked questions

Only if your new employer needs you sooner and the pay difference is large. A three-month notice on a $6,000 salary is worth $18,000, which usually outweighs a one-month delay.
Often yes β€” they can require you to stay away from work while still paying you. You receive the same notice pay but cannot start elsewhere.
Untaken holiday is usually paid out on top of notice pay. Add it separately rather than to the salary figure.

Sources & references