To work out the hourly rate of an employee using their annual salary divide the annual salary by the number of hours worked during the year. A similar calculation can also be done using a monthly salary.Continue Reading
To calculate the number of hours worked in a year, take the amount of hours worked in a week and multiply that by 52. So assume the person works 37.5 hours a week. The calculation in this example would be 37.5 multiplied by 52, which equals 1,950 hours. So this employee works 1,950 hours in a year.
To get the hourly rate for the employee, divide the annual salary by the number of hours worked in the year. In the example mentioned above, assume the employee received a salary of $36,000 a year. That calculation would therefore be 36,000 divided by 1,950, which equals $18.46 an hour.
Sometimes it is easier to work out the hourly rate using a monthly salary rather than an annual salary. The number of hours worked in a month is required. If this is not available it can be worked out by multiplying the number of hours worked in a week by 52, and then dividing that by 12. To get the hourly rate divide this figure into the monthly salary.
An hourly pay rate is the result of dividing annual salary by the number of annual hours, according to Intuit. Tools on the Calculators.org and Fox Business websites perform these calculations automatically with some user input.Full Answer >
In order to make burden rate calculations, determine the person's hourly wage, days that person can work and day that person may be absent, multiply potentially absent days by eight hours and subtract this figure from available hours per year, determine how much money the employee costs per year, take his or her available hours and multiply this by the person's hourly wage and then divide this number of actual hours worked. When determining the total employee costs per year, make sure to include all money related to insurance, supplies, payroll taxes, benefits, training and meals.Full Answer >
The average hourly rate for painters in 2012 was $16.92, which averages around $35,190 per year, according to the United States Bureau of Labor and Statistics. Most painters have less than a high school education, and they receive moderate-term on-the-job training with no experience needed to begin work.Full Answer >
A typical hourly rate for babysitting as of 2014 is $10, according to USA Today, but this varies depending on experience, location and the number of children involved. The wage of a babysitter is often open to negotiation between the parents and the babysitter.Full Answer >