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

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## Instructions

- 1
Divide your yearly salary by 52, the number of weeks in a calendar year. The result will be your salary per week.

- 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
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.

## Average Weekly 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.