Convert an annual salary into an hourly rate. Divide your salary by the hours you actually work, optionally adding overtime at time and a half.
| Input | Result |
|---|---|
| $60,000 / 40 hrs / 52 weeks | $28.85 per hour |
| $75,000 / 40 hrs / 52 weeks | $36.06 per hour |
| $50,000 / 40 hrs / 48 weeks | $26.04 per hour |
Two people on $60,000 can have very different hourly rates. The one working 2,080 hours earns $28.85; the one paid for 2,000 hours but putting in 2,400 real hours earns $30 on paper and $25 an hour in practice. The denominator is where the difference hides, which is why hourly conversion is the honest way to compare two offers.
Divide the annual salary by total hours worked in the year. The standard assumption is 2,080 hours (40 a week × 52 weeks), so $60,000 ÷ 2,080 = $28.85 an hour. If you get two weeks of unpaid leave, use 50 weeks and the hourly rate rises.
It does not change the base rate, but it raises effective pay: overtime is normally paid at 1.5 times the regular rate, so each overtime hour is worth 1.5 hours of base pay.
No, it assumes 52 paid weeks. Salaried staff with unpaid vacation should reduce the weeks figure, and anyone on a 37.5-hour contract should change the hours field instead.