Comparing salaries between fields or positions might require a conversion from weekly pay rates to an annual salary. To calculate weekly and yearly pay, you must know your hourly rate and the number of hours worked weekly. Use this information to compare your pay to others who have annual or weekly salaries.
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Add the number of hours you work each day in a week to find your weekly hours. For instance, if you work eight hours daily for five days a week: 8 x 5 = 40 hours.
Multiply your hourly pay rate by the number of hours you work each week to find your weekly pay rate. For example, if you make £9 per hour and work an average of 40 hours per week, your weekly pay rate would equal: £9 x 40 = £390.
Find your annual salary by multiplying the weekly pay rate by 50 weeks per year if you take off two weeks vacation but do not have a paid-vacation benefit. For example: £390 x 50 = £19,500 annually.
Multiply the weekly pay by 52 weeks if you do not take off two weeks of vacation in a year or if you have a two-week paid vacation. For the example: 52 x £390 = £20,280.
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