Convert my salary to an equivalent hourly wage. Use this calculator to determine what your hourly wage equates to when given your annual salary - it may surprise you what you make on an hourly basis. Also you may want to see if you have one of the 50 best jobs in America. You may also want to convert an hourly wage to a salary.
For many, finding their hourly pay rate is as simple as looking at a recent pay stub. However, if you’re a salaried employee or are self-employed, calculating your hourly wage takes a few steps. You can calculate your hourly rate based on a single project, a certain period of time, or a salary.
Calculating an Hourly Wage from an Annual Salary. If you'd like to figure out your exact hourly wage from your annual salary, you again need to figure out how many hours a week you work. The average, full-time, salaried employee works 40 hours a week. Based on this, the average salaried person works 2,080 (40 x 52) hours a year.
Annual Salary. Locate your annual salary. Your employer likely included the number on your work agreement or employment contract. If you got a raise or you can't find the number on your work documents, contact the human resources department to request your annual salary. Use your gross income -- salary before taxes are withdrawn -- to convert your wages to an hourly rate.
This calculator converts a salary (daily, weekly, monthly, yearly) to an equivalent hourly wage. In other words, it determines how much you will be paid per hour given the amount paid and the time period.
How do I calculate an hourly rate from salary? It’s a question we receive a lot. The answer has never been easy– until now. Check out our salary to hourly wage calculator towards the bottom of this post for an immediate answer.
How to convert salary to hourly. Below are two hourly wage calculation methods for salary employees. The first salary to hourly formula is shorter and easier to calculate. The second formula involves more calculations. However, don’t automatically use the first formula to avoid doing extra math.
Calculate the regular hourly pay rate. This rate is the hourly rate you agreed to pay the employee for hours worked. To arrive at the employee’s gross wages, multiply the hours worked in the pay period by the regular pay rate.
ConvertUnits.com provides a tool you can use to calculate the equivalent hourly wage based on your annual salary. You can factor in paid vacation time and holidays to figure out the total number of working days in a year. The salary calculator will also give you information on your weekly income and monthly totals.
Many jobs are paid based on an hourly rate rather than an annual salary that's divided up into predetermined amounts for each pay period. Usually, this does not make any difference, but occasionally you may need to calculate annual salary from hourly wage.