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UUID | 517ac6ea-0de3-11e3-8615-bc764e049c3d |
The Hourly Pay Rate calculator computes the dollars per hour associated with an annual salary.
INSTRUCTIONS: Choose units and enter the following:
Hourly Pay Rate (HR): The calculator returns the hourly rate in U.S. dollars. However, this can be automatically converted to compatible units via the pull-down menu. The calculator also returns:
This equation will calculate an hourly wage based on the provided gross annual salary. This is based on a total work hours per year (an FTE) being 2080, which is fifty-two 40 hour weeks.
The above calculators are based on 2080 labor hours per years. This is derived from 40 hours per week and 52 weeks per year. Weekly time is 40 hours. Bi-weekly time is for two weeks (80 hours). Monthly is a year (2080 hours) divided by 12. Semi-monthly is a year (2080 hours) divided by 26 to compute pay twice per month (e.g., 1st and 15th).
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