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People have wondered for years what Santa does and how he does it for free. Researchers have now come up with answer to these age-old questions. insurance company insure.com has calculated hypothetical figure of $139,924 for Santa's efforts this year. This is 1.5 per cent increase on last year, which is in keeping with austerity measures suffered by most people around world. figure is roughly twice amount that caregivers in USA would receive. Researchers at insure.com created list of the various jobs Santa performs throughout year to create job description. They then estimated total time spent on each task to get final figure for Santa's annual salary.

researchers discovered that Santa is indeed multi-skilled worker, who pretty much has to be jack of all trades. Among his skills are reindeer handling, gift wrapping, chimney expert and map reader. vast majority of his salary, however, comes from managing his toy factory. It is estimated bearded one spends 2,912 hours year organizing his elves and making sure toys for world's children are of right quality. He gets standard $40.09 hour for this. His highest hourly rate is for ten hours he spends being sleigh pilot and delivering presents. Comparisons were made with airline pilots and researchers reckoned sleigh pilot would earn $62.31 an hour.