WALTHAM, Mass., April 17, 2012 -- Salary.com is excited to celebrate the hard work of moms across the country this Mother's Day, as NBC's "Today" show announced the launch this morning of "Kathie Lee and Hoda's Mom of the Year Contest with Salary.com." Live with Kathie Lee and Hoda on their Thursday, May 10 show, Salary.com will present the Mother of the Year with a Grand Prize check for $112,962 -- a Salary.com calculation of what mothers would make if they were paid an annual salary for their work.
"We all know that the value of a Mother's work exceeds any salary, and we're excited to honor Moms of America," said Abby Euler, general manager at Salary.com. "For any job, including being a mother, it's important to understand the value of what you do -- what employers will pay for your knowledge and skills. What better way to appreciate Mom than to put a real dollar amount on all that she does, both in and out of the home?"
Salary.com surveyed more than 8,000 moms to calculate Mom's earning power using its Mom Salary Wizard, the first interactive tool allowing moms and their families to price the job of being a Mother. Moms reported which 10 jobs they spend the most time doing -- from CEO to event planner to nutritionist. Using its extensive salary data, Salary.com calculated Mom's earning power based on the national base salary of those jobs.
Moms and their families can visit http://mom.salary.com and create their own "mom paycheck" with the Mom Salary Wizard. Users can create a hypothetical mom paycheck, which can be printed and emailed to family and friends for Mother's Day.
About Kathie Lee and Hoda's Mom of the Year Contest with Salary.com:
Nominations for Mother of the Year can be submitted by visiting klgandhoda.com where contestants can find the official rules. Three first prize winners and three guests will receive a Weekend Getaway to New York, NY. Travel and accommodations for the finalists will be provided by Salary.com. The Grand Prize Winner will be awarded on Kathie Lee and Hoda's show on Thursday, May 10 and will receive a check from Salary.com for $112,962.
About the Salary.com's Mom Salary Wizard:
Actual mothers -- both stay-at-home and working -- report how many hours each week go into being a Mom. Salary.com identified 20 job titles that best matched a mom's definition of her work:
Moms and their families can calculate their own "Mom Paycheck" by entering their location and data into the Mom Salary Wizard at http://mom.salary.com
To calculate the average Mom salary -- $112,962, and the amount for the Grand Prize Winner -- more than 8,000 moms quantified their hours per job description via the Mom Salary Wizard. Salary.com benchmarked the median salaries for each job to the national median salary for each position as reported by employers. The final salary is calculated by weighting the salaries and hours worked in each role.
Salary.com, a division of Kenexa, provides credible consumer compensation data reported by HR professionals in the most recent, publicly available surveys from well-recognized and highly reputable companies. Salary.com is dedicated to providing people with the tools, advice and data they need to understand and reach their full earning potential. Additional information about Salary.com, founded in 1999, can be accessed at www.salary.com. Follow Salary.com on Twitter: @salary.