Enter an annual salary and how many hours you work and the converter shows the equivalent hourly rate, along with what that is per day, week, two weeks and month. Change the hours per week or the unpaid weeks off to see how the real hourly rate moves.
A salary is a promise to pay a set amount for a role, while an hourly rate is a price for each hour. Converting one to the other lets you compare a salaried job with an hourly job, price your own freelance time, or see what your day is worth. The calculation is only as honest as the hours you put in.
A full time job with a 40 hour contract but a typical 47 hour week has an effective rate about 15 percent lower than the headline hourly figure. If you want to know what an hour of your time costs, use the hours you actually work.
Paid holidays and paid vacation are part of the salary, so they stay in the 52 weeks. Only time that is genuinely unpaid, such as unpaid leave or a school year contract, should be taken out. Entering unpaid weeks spreads the same salary over fewer paid hours, which raises the hourly rate.
If you are converting in the other direction to set a freelance rate, remember that self-employed people pay for their own time off, equipment and admin. A freelance rate needs to be well above the hourly figure here to give the same living.
Divide the salary by the number of hours you work in a year, which is hours per week times weeks worked. At 40 hours for 52 weeks that is 2,080 hours, so $52,000 / 2,080 = $25 an hour.
A standard full time year is 2,080 hours, from 40 hours a week for 52 weeks. This counts paid vacation and holidays as paid, because the salary covers them.
If you earn the salary over fewer weeks, the hourly rate goes up. With 2 unpaid weeks, $52,000 over 50 weeks of 40 hours is 2,000 hours, or $26 an hour.
Monthly pay is the annual salary divided by 12. Weekly pay is the hourly rate times the weekly hours, and biweekly is two weeks of that.
No. It converts a gross salary into other time periods. It is an estimate and not payroll or tax advice.
Related: Freelance rate calculator, Hours calculator, Profit margin calculator.
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