How to convert yearly salary to hourly

Written by grace ferguson
  • Share
  • Tweet
  • Share
  • Email

A salaried employee is paid a set wage each pay period. Some circumstances, such as applications for certain loans, can require a salaried employee to convert an annual salary to an hourly rate. Starting with an annual salary, an average weekly workload or the total number of hours worked in a year, the conversion is simple and requires only a little math skill.

Skill level:
Easy

Other People Are Reading

Instructions

    Average Weekly Hours

  1. 1

    Divide your yearly salary by 52, the number of weeks in a calendar year. The result will be your salary per week.

  2. 2

    Divide your weekly salary by the average number of hours you work per week, which is 40 for most people. The result will be your hourly salary.

  3. 3

    Divide your yearly salary by the total amount of hours worked for the year. The result will be your hourly salary. Use this method instead of Steps 1 and 2 if you know your total annual hours.

Tips and warnings

  • The Fair Labor Standards Act (FLSA) offers an exemption from minimum wage and overtime pay to workers hired as executives, administrative, professional and outside sales employees, and certain computer workers.
  • Exempt workers can be paid a minimum of £295 total on a salary or hourly basis--the latter cannot be less than £17.9 per hour.
  • Salary should not be converted to hourly using a "monthly salary" because two months of the year have five weeks and the rest have four. Therefore, the calculation will be incorrect if done by the month.

Don't Miss

Filter:
  • All types
  • Articles
  • Slideshows
  • Videos
Sort:
  • Most relevant
  • Most popular
  • Most recent

No articles available

No slideshows available

No videos available

By using the eHow.co.uk site, you consent to the use of cookies. For more information, please see our Cookie policy.