Hourly Wage Calculation:
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The Salary to Hourly calculator converts an annual salary to an equivalent hourly wage based on standard full-time work hours. This helps compare job offers or understand your true hourly earnings.
The calculator uses the following equation:
Where:
Explanation: The calculation assumes 52 working weeks per year and divides the annual salary by the total annual working hours.
Details: Converting salary to hourly wage helps employees understand their true earnings, compare job offers with different work hours, and evaluate overtime compensation.
Tips: Enter your annual salary in dollars and typical weekly working hours. The calculator assumes you work all 52 weeks of the year (no unpaid time off).
Q1: Should I include bonuses in the annual salary?
A: Only include guaranteed compensation. For variable bonuses, you might calculate separate hourly rates for base salary and bonus amounts.
Q2: What about paid time off?
A: This calculation assumes you're paid for all 52 weeks. If you have unpaid time off, adjust the weeks factor accordingly.
Q3: How does overtime affect this calculation?
A: This shows your base hourly rate. Actual earnings may be higher with overtime pay (typically 1.5x base rate after 40 hours in the US).
Q4: Is this before or after taxes?
A: The calculation uses gross (pre-tax) salary. Your take-home hourly pay will be less after deductions.
Q5: What's considered full-time hours?
A: Typically 35-40 hours/week in the US, but this varies by employer and country.