This calculator will help you to quickly convert a wage stated in one periodic term (hourly, weekly, etc.) into its equivalent stated in all other common periodic terms. This can be helpful when comparing your present wage to a wage being offered by a prospective employer where each wage is stated in a different periodic term (e.g., one is listed as an hourly wage and the other is listed as annually).
Simply enter a wage, select it's periodic term from the pull-down menu, enter the number of hours per week the wage is based on, and click on the "Convert Wage" button.
What Are You Worth per Hour? per Year?
Making major career decisions can be frustrating, and at times downright frightening. Job opportunities may present themselves and it can be difficult to know when a career move makes sense financially, and when that move is merely a lateral step on the employment ladder. Knowledge is the key, and comparing income probabilities is the best way to determine whether or not a career move is warranted. But every employer has their own disbursement standards. Some may pay employees on a weekly or bi-weekly basis, calculating their employees paychecks according to an hourly wage. Others may put employees on an annual salary, paying them in monthly or quarterly installments. If you are contemplating a new job, comparing your present wage structure with a prospective new employer's is vital to making an informed financial decision. That's where the free Wage Conversion Calculator comes into play.
The Hourly Wage
People working to an hourly wage typically get paid on a weekly or bi-weekly basis. This is the most common wage structure for blue collar and service related jobs. Employees under this type of wage structure are well aware of their hourly wage, and can easily calculate the amount of their next weekly or bi-weekly paycheck. However, they may not have as firm a grasp on their annual or semi-annual income levels. This can present difficulties when they interview for prospective jobs that have a different pay structure. For example, a builder who has worked his way up to the top of his profession may decide to apply for a foreman's position. While he has years of experience being paid an hourly wage with a bi-weekly pay out, the foreman's position offers an annual salary. In order to be sure he is successfully climbing up the financial ladder, he'll need to convert the annual salary being offered into a bi-weekly pay structure so that he can compare and contrast his current income with a foreman's wages. The free Wage Conversion Calculator makes that conversion process easy and trouble free.
Salaried employees may also have cause to compare two different pay structures when considering a career move. Typically, salaried employees are paid on a monthly, bi-monthly, or quarterly pay structure. Transitioning from a familiar to an unfamiliar pay structure can easily disrupt a family's household budget. So, a salaried employee with a history of being paid on a monthly basis, who is considering a job with a quarterly pay structure, will find the Wage Conversion Calculator a helpful tool for maintaining a workable family budget.
The Wage Conversion Calculator
The Hourly to Annual Wage Conversion Calculator is easy to use, and will allow people to better understand their wage structure and how it impacts their household budget as well as a possible change in employment. The calculator contains built in conversion models for all common periodic terms, including weekly, bi-weekly, monthly, quarterly and annually. If you are considering a career move, or if you simply want to create a better household budget, the free Wage Conversion Calculator will prove to be an invaluable tool.