Hourly Wage Formula:
From: | To: |
The salary to hourly conversion calculates how much an employee earns per hour based on their annual salary, number of working weeks per year, and hours worked per week. This helps compare different compensation structures.
The calculator uses the following equation:
Where:
Explanation: The equation divides the total annual salary by the total number of working hours in a year to determine the hourly wage.
Details: Converting salary to hourly wage helps employees understand their true earnings, compare job offers, and calculate overtime pay for exempt positions.
Tips: Enter annual salary in USD, number of working weeks (typically 52), and hours worked per week (typically 40). All values must be positive numbers.
Q1: What's the difference between salary and hourly pay?
A: Salary is a fixed annual amount, while hourly pay is based on actual hours worked. Salaried employees typically don't receive overtime.
Q2: How many working weeks are in a year?
A: Typically 52 weeks, but subtract vacation time if unpaid. Many calculations use 50 weeks to account for 2 weeks vacation.
Q3: What's considered full-time hours per week?
A: In the U.S., 40 hours is standard full-time, though some companies consider 35-50 hours as full-time.
Q4: Does this account for taxes and deductions?
A: No, this calculates gross (pre-tax) hourly wage. Net pay after deductions will be lower.
Q5: How accurate is this for salaried employees?
A: It provides a baseline estimate but doesn't account for unpaid overtime often worked by salaried employees.