Hourly pay salary converter

Past performance does not guarantee nor indicate future results. 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. Assumptions Work hours per week 1 to Work weeks per year 1 to Calculators For Websites. Your future employer may introduce a salary offer in a few different ways:. In fact, all of them sum up to the same value, if considered over the same period of time.

However, when you take a first look at different job offers, where salary is presented in various ways, the whole issue may confuse you.

You might be not able to easily compare the rates. To have a clear view, first, you need to do some math with the numbers. If you have many offers to recalculate, that will take a long time, and if you make a mistake the consequences could be dire. A much nicer and easier way is to use this paycheck calculator and have all the results immediately. This salary to hourly converter can save a lot of your time and effort. And time is money, right? Imagine if you didn't need to do all these boring calculations or to compare the salaries manually.

Nice, isn't it? Thanks to us, it is possible! We provide you the smart salary converter that recalculates all types of wages mentioned in the paragraph above. The only two things you need to do is enter how many hours per week you work and fill in the value for one type of wage, e.

Results for all other wage types will be shown automatically. That's cool! What is more, the appropriate currency for your country is already set by default. If you want to perform a few calculations in a row for different salaries, it won't be a problem - simply lock the hours per week field and it will not change every time you type in a new value.

Moreover, you can open the advanced mode and check how much you earn per each minute and second. Take a look at these values too, sometimes they're really surprising! In this salary converter, we made a few assumptions for the purpose of simplifying the calculations. By default, the week is 40 hours long, but you can freely configure it according to your needs. Here, we would like to explain to you the math behind the calculations.

Let's work out how to get the hourly rate based on other given wages. Follow the step-by-step example below to understand everything correctly. When talking about payments in specific job positions, we often use the term salary range. What does it mean? In fact, the meaning is depending on if you are an individual or a company's financiers. From an employee's viewpoint, salary range includes compensation parameters, such as overtime, as well as including benefits, like a company car or health insurance.

On the other hand, for the company, it will be the amount that it is able to pay a new employee for a particular position and how much current employees can expect to earn in that specific position. Usually, companies cannot make exceptions from the salary ranges, because the numbers are strictly determined by its budget. Again, a salary range grants both sides a certain amount of flexibility. From the perspective of a potential employee, they can choose the job position which will be financially satisfying; moreover, it gives them some room for negotiating the salary.

On the other hand, the employer knows if the offer they make is reasonable and has a good benchmark to assess whether they can afford hiring that kind of worker. Some aspects determine if the worker will be given an offer from the bottom of the range or if they can expect the top level amounts.

These aspects might be qualifications, review scores, commitment, and work experience. In general, someone who is highly qualified can expect significantly higher payments than somebody with the minimal required skills. There is a significant difference in payment between hourly and salary employees. For the former, an employer pays for each hour they have worked, including overtime pay if they have done more than 40 hours per week or other contracted number.

For the second group, payment for overtime is not so obvious, and it depends on internal country or local state law regulations. We can find many more differences between these payment types. Let's have a look at some of them now. Workers paid hourly are compensated by multiplying the agreed hourly rate by the total number of hours worked in a given period e. That is the compensation the worker will receive at the end of the month.

According to the Fair Labour Standards all hourly workers are non-exempt and have to be paid overtime. The overtime hours are calculated as 1. Full disclaimer. This tool is here purely as a service to you, please use it at your own risk. To determine your annual salary, take your hourly wage and multiply it by the number of paid hours you work per week and then by the number of paid weeks you work per year.

For guidance, a standard working week for a full-time employee is around 40 hours. Note that if you take two weeks of unpaid leave per year, your number of weeks will be 50, rather than On a side-note, if you want to work out your hours and earnings for a given week, give the time card calculator a try. Using this formula, we can calculate the following annual incomes from basic hourly pay. It's important to remember that these figures are pre-tax.