Want to know how much you make an hour? Salary to Hourly Calculator can help you. This easy-to-use and flexible tool enables you to convert your annual salary to hourly, monthly, or weekly wage. In short, it does all your job easily and quickly. Also, it saves your time as well as effort.
Imagine you do not have to do any type of mathematical calculations manually. Wouldn't it be nice? Thanks to Salary to Hourly Calculator for making it possible. This smart calculator helps you calculate all types of wages. Such as hourly wage, weekly wage, and monthly wage.
All you need to provide is your annual salary, the number of hours you work per week, and the number of weeks you work per year. That's all. As a result, the hourly, weekly, and monthly pay will be displayed in an instant. In addition, you can use the Hourly to Salary Calculator to calculate your annual salary on the basis of your hourly pay.
Hourly wage refers to the amount of money you are paid for every hour of work you perform. On the other hand, salary is the fixed amount of money you are paid over a period of time, in general, a year.
Salary earners get a fixed amount of money notwithstanding the number of work hours. That is, they are paid whether or not they work. Moreover, they also receive extra money for working overtime.
Hourly workers are only paid for the number of hours they work. Their pay varies with their work hours. They too get additional money for working overtime. These employees must report the hours they work each day and submit it to their employer at the end of the day or the week. For that, they use a work hours calculator to make their daily or weekly timesheet or reports.
All hourly workers are considered non-exempt by Fair Labor Standards Act (FLSA) guidelines. That is, they are eligible for overtime and must be remunerated with time-and-a-half pay if they work for more than 40 hours in any week. So, they get almost 1.5 times for their overtime work.
To calculate hourly wage using your annual salary, firstly, divide your salary by the number of hours you work per week. Then, divide the result you get by the total number of paid weeks you work each year.
Hourly wage = Annual salary / Hours worked per week / Weeks per year
Suppose you earn $40,000 per year and work 40 hours per week for 52 paid weeks per year. Then, your hourly wage would be:
Hourly wage = 40000 / 40 / 52 = $19.23 per hour
To calculate the hourly rate on the basis of your monthly salary, firstly, multiply your monthly salary by 12. Then, divide the resultant value by the number of hours you work per week. Lastly, divide the result by the number of paid weeks you work each year. The final figure will be your hourly wage.
Hourly pay = ( Monthly salary × 12 / Hours worked per week ) / Weeks per year
Let's say you earn $2500 per month and work 40 hours each week for 50 paid weeks per year. Then, the calculation will be:
Hourly pay = ( 2500 × 12 / 40 ) / 50 = $15 per hour
In this section, we will explain how to use this calculator in order to find hourly wages along with monthly and weekly wages. Just follow the instructions below.
Firstly, multiply the number of hours worked per week by the number of weeks in a year (52). Then, divide this figure by the annual salary.
Hourly rate = Annual salary / ( Hours worked per week × Weeks per year )
Suppose, a person has an annual salary of $45000 and works 20 hours per week and 52 weeks in a year. Calculate the hourly rate.
Hourly rate = 45000 / ( 20 × 52 ) = $43.27 per hour
This calculator lets you see how much money you make over different periods. Also, it helps you convert your annual salary into an hourly wage. Calculating hourly wages will help you plan expenses and compare two compensation packages.
One of the main benefits of hourly jobs is that you can earn even more than you would have in a salaried job, especially if you do overtime. Also, hourly jobs have flexible working hours. However, hourly jobs do not have the same benefit as salaried jobs like health insurance, parental leaves, etc. So, the answer to this lies in what’s more important to you flexibility or security.
Yes, our calculator gives almost all wages result. Such as hourly, monthly, and weekly.
No, this tool is completely online and you must have an active internet connection in order to use it.