Turn any pay into every other period: an hourly rate into a yearly salary, a monthly salary into an hourly rate, and so on. Set your own hours and working weeks for a true comparison.
Everything is first turned into a yearly amount, then divided into the other periods:
Example: a monthly salary of 4,000, working 40 hours a week, 52 weeks a year.
Yearly: 48,000. Hours in a year: 40 × 52 = 2,080. Hourly rate: 48,000 ÷ 2,080 = about 23.08. Per day (5 days a week): about 184.62.
A higher salary is not always better pay. A job paying 50,000 for 45 hours a week pays less per hour (about 21.37) than one paying 46,000 for 37.5 hours (about 23.59). Use the hourly rate to compare, and also think about travel time, paid holidays and benefits.
If you are self-employed, not every working hour is paid. Time goes to finding clients, admin and learning, and you pay for your own holidays, equipment and taxes. Many freelancers charge one and a half to two times the hourly rate of a similar employed job. The Profit Margin Calculator helps you set prices that leave a profit.
Divide the yearly salary by the number of hours you work in a year: hours per week × working weeks per year. 52,000 a year at 40 hours a week for 52 weeks is 52,000 ÷ 2,080 = 25 an hour.
If you are paid hourly and take unpaid holidays, you work fewer weeks than 52. Enter, for example, 48 weeks to see what an hourly rate really adds up to over a year.
No. A year has 52 weeks and 12 months, so a month is about 4.33 weeks. The calculator uses your working weeks per year ÷ 12, which is 52 ÷ 12 ≈ 4.33 when you work all 52 weeks.
Whatever you enter. Enter your gross pay to compare job offers, or your take-home pay to see what you really earn per hour.
A calculator gives you one answer. A cashbook shows you the whole picture: write down cash in and cash out, see where the money goes in charts and on a calendar, and share a ledger with your family, team or friends.
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