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 52 weekly pay periods. Many employers give employees 2 weeks off between the year end holidays and a week of vacation during the summer. 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:
- Weekly to annual: To convert weekly income to annual income multiply your weekly salary by how many weeks you work per year.
- Weekly to hourly: Divide your weekly income by how many hours you typically work in a week. For example, if you work 8 hours a day & 5 days a week that is 40 hours per week. So if you make $1,000 a week that would be $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. Divide that by 2 in order to get the average weekly hours of 42, or 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 weekly incomes across 40 & 50-hour work weeks.
|Weekly Income||Hourly @ 40 hours||Hourly @ 50 hours|