Currency
Hourly Wage: $
Weekly Pay: $
Monthly Pay: $
Salary to Hourly wage calculator is simple yet frequently used tool to convert your annual or monthly salary to hourly wage.
This tool is useful for a employee to understand how much they are earning per hour. Or for an employer to understand how much they are paying to their employees per hour.
If you really want to know what your time is worth, annual salary is not enough. You need to know how much you are earning per hour, per day, per week and per month.
You need to be meticulous about your time and money. You need to calculate how much hour you are working and how much you are earning per hour.
Human hours are limited. The maximum you can work is 24 hours a day, but that is far from practical. You can barely put 18 hours if you are a workaholic.
So, you need to know how much you are earning per hour. If you want to get rich, you will eventually have to increase your hourly wage, and after sometimes you will have to divorce your income from your time.
To know how much you are earning per hour, you can use our salary to hourly wage calculator.
The calculator is simple, you select either Annual or Monthly salarry.
You enter the Salary Amount and Hours Per Week you work. You can calculate hours per week by multiplying hours per day with number of days you work in a week.
And Also you can enter the Weeks Per Year you work. The default value is 52 weeks per year. But you can change it according to your work schedule.
This is not some rocket science to convert salary to hourly wage.
If you know your yearly salary, you can calculate your wage per hour using the formula below:
Where:
W = Hourly Wage S = Salary H = Hours Per Week WPY = Weeks Per Year
W = S / (H × WPY)
In case where, Salary is Monthly
W = S / (H × 4)
This is because there are 4 weeks in a month.
If you earn a yearly salary of $1.2 million and work 40 hours per week. Your hourly wage is
Hourly Wage = $1,200,000 / (40 × 52) = $576.92
So, your hourly wage is $576.92.
In monthly salary case, if you earn $100,000 monthly and work 35 hours per week. Your hourly wage is
Hourly Wage = $100,000 / (35 × 4) = $714.29
so, your hourly wage is $714.29.
Know either Monthly or Annual Salary Make sure you know whether your salary is monthly or annual. If you are not sure, check your pay stub or ask your employer.
Estimate Hours Per Week If you are not sure how many hours you work per week, you can estimate it. Most people work 40 hours per week, but you may work more or less.
Consider Weeks Per Year Cut out the weeks you are not working. If you are working 35 weeks a year, you should enter 35 weeks in the calculator.
Freelancing Opportunities: If you know your hourly wage, you can easily calculate how much you should charge for your freelance works.
Delegate Tasks: If your hourly wage is more than the task in the hand, you should delegate the task to someone else. If you try to do if yourself, you are losing money.
Time Management: If you know your hourly wage, you will not waste your time on unproductive tasks. You will focus on the tasks that will bring you money.
Make Wise Decisions: Next time you are about to buy something, calculate how many hours you have to work to buy that thing. If you think it is worth it, buy it. If not, save your money.