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.
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How Much is Your Effective Hourly Wage?
Each year has 52 weeks in it, which is equivalent to 26 biweekly periods. Many employers give employees 2 weeks off between the year end holidays and a week of vacation during the summer, reducing the work year to 25 biweekly pay periods. If you work 8 hours a day, 5 days a week & 50 weeks per year, that comes out to 2,000 hours per year. Quick conversion tips:
- Biweekly to annual: To convert biweekly income to annual income you would typically multiply your biweekly income by 24, 25, or 26. There are 52 weeks in a year & you divide the weeks by 2 to convert to biweekly. If you have 2 weeks off you would take off 1 biweekly pay period. If you work 50 weeks a year & are paid ever other week then multiply those biweekly pay periods by 25 to calculate the associated annual income.
- Biweekly to hourly: Divide your biweekly income by how many hours you typically work in a your typical pay period. For example, if you work 8 hours a day & 5 days a week that is 40 hours per week. If you are paid every other week then multiply the 40 by 2 & get 80. So if you make $2,000 every other week, divide that amout by 80 and you would get $25 per hour.
- Annual to hourly: Divide your annual salary by how many hours you work in a year. If you work 2,000 hours a year and make $50,000 a year then you would drop the 4 zeros from the annual salary & divide the result by 2 to get $25 per hour.
If you work an uneven number of hours each week but a paid a flat amount for each week of work then you can sum together two weeks and divide by 2 in order to figure out your average hourly wage across the period. For example, doctors and nurses might work 3 12-hour shifts one week and 4 12-hour shifts the next week. Adding these two together one gets 36 + 48 = 84 hours worked each pay period. When entering data in the above calculator an employee could list their work days per week as 3.5.
Some employers who have mid-level management on salary often view getting management to work a bit longer as free labor. If your stated work week is 5 8-hour days but your boss also has you come in on most Saturdays then you could calculate your work week as having 6 days to calculate what the true hourly earnings are.
The following table lists the effective pre-tax hourly wage associated for various biweekly incomes across 40 & 50-hour work weeks.
Biweekly Income | Hourly @ 40 hours / week | Hourly @ 50 hours / week |
---|---|---|
$400.00 | $5.00 | $4.00 |
$285.00 | $7.25 | $5.80 |
$800.00 | $10.00 | $8.00 |
$1,200.00 | $15.00 | $12.00 |
$1,600.00 | $20.00 | $16.00 |
$2,000.00 | $25.00 | $20.00 |
$2,400.00 | $30.00 | $24.00 |
$2,800.00 | $35.00 | $28.00 |
$3,200.00 | $40.00 | $32.00 |
$3,600.00 | $45.00 | $36.00 |
$4,000.00 | $50.00 | $40.00 |
$6,000.00 | $75.00 | $60.00 |
$8,000.00 | $100.00 | $80.00 |
$20,000.00 | $250.00 | $200.00 |
$40,000.00 | $500.00 | $400.00 |
$80,000.00 | $1,000.00 | $800.00 |