Use this Hourly Weekly Yearly Wage Conversion Calculator to generate the Hourly / Yearly wage conversions.
Please enter period of time, amount made and hours per work week, and then click ‘Calculate’.
When you are trying to evaluate a specific job offer that you had, you need to make sure that you know exactly how much you are going to be paid. Or when you are in doubt between two different job positions, the money that you earn at the end of the year may be substantially different.
The reality is that it shouldn’t be difficult evaluate a job proposal and compare it with others. However, every employer has their own disbursements. While some employers prefer to pay their employees on a weekly or bi-weekly basis (they calculate their employee’s paychecks according to an hourly wage), there are others that tell you about your yearly income and you get paid by the month or quarter. And this just makes everything harder. However, not anymore. After all, you can definitely use a good hourly – yearly wage conversion estimator that will allow you to examine every single job proposal that you have on the table. This way, you’ll be in the best position to make a good financial decision.
#1: The Hourly Wage:
This is the most common compensation for blue-collar and service related jobs. You are often paid on a weekly or bi-weekly basis and the hourly wage serves as a base.
While you can easily find out how much you will be paid at the end of the week or bi-weekly, the same can’t be said when you are trying to figure out your annual or semi-annual income level. And this is one of the reasons why you should use an hourly – yearly wage conversion estimator.
#2: Salaried Employees:
These are the employees who are being paid either by the month, bi-monthly or by quarter.
When at your current job you are paid by the month and you have a job opportunity where you will start to be paid by the quarter, you absolutely need to ensure that you are making the best financial decision. So, you should consider using a good hourly – yearly wage conversion estimator.
#3: The Hourly – Yearly Wage Conversion Estimator:
One of the things that you need to do when you are considering changing careers or job is to evaluate the financial impact it has on your household budget. So, you should consider using an hourly – yearly wage conversion estimator to know exactly how much you are going to earn.
In order to use an hourly – yearly wage conversion estimator, you’ll need to insert your salary and whether you are paid by the weekly, bi-weekly, monthly, bi-monthly, and quarterly. The hourly – yearly wage conversion estimator will then show you your salary amount stated in every normal periodic term.
#4: Determining Your Annual Revenue From An Hourly Wage:
While you can simply use an hourly – yearly wage conversion estimator to determine it, it’s important that you know how to calculate it by hand.
When you want to determine your annual revenue, you’ll need to discover how many hours you work a week. Remember that lunch and break times don’t count. So, just exclude them.
Let’s say that you work 40 hours a week excluding breaks. In order to see how much you make by the week, you just need to multiply your hourly wage by 40. So, let’s say that you get $25 an hour.
So, by the end of the week, you make: $25 X 40 = $1,000
Since you want to know how much you make a year, you need to know that a year has 52 weeks. So, your annual salary would be:
$1000 X 52 = $52,000
#5: Determining Your Hourly Wage From An Annual Revenue:
Let’s consider that you still work 40 hours a week. Knowing that 1 year has 52 weeks, you can determine how many hours you work each year by multiplying the number of hours of work a week by 52 (the number of weeks 1 year has). So, simply put, you work 2,080 hours a year.
Let’s now consider that you have an annual income of $100,000. So, in order to determine how much you make by the hour, you’ll need to divide your annual income by the number of hours of work a year: $100,000/2,080 = $48.07.
So, you can say that you make $48.07 per hour.