Salary Calculator

This salary calculator converts pay between yearly, monthly, weekly, daily and hourly from your hours per week. Job ads mix pay periods: one quotes an annual salary, another an hourly rate, a third a day rate for contract work. This calculator converts any of them into all the others so you can compare like with like.

The assumptions

It works from 52 weeks a year. Annual-to-hourly divides by hours per week × 52; daily divides by days per week × 52. Change the hours and days to match a part-time schedule, overtime or unpaid leave.

Why it helps

A salary that sounds generous can be a modest hourly rate once real hours are counted, and a contract day rate can be a strong annual figure. Converting everything to a common basis removes the guesswork.

Worked example

A 60,000 salary on a 40-hour week:

hours per year = 40 × 52 = 2,080
hourly         = 60,000 ÷ 2,080 = 28.85
weekly         = 60,000 ÷ 52 = 1,153.85
monthly        = 60,000 ÷ 12 = 5,000.00
daily (5 days) = 60,000 ÷ 260 = 230.77

Set the week to 37.5 hours and the identical salary becomes 30.77 an hour — a 6.7% swing in the hourly figure from nothing but the hours you actually work. That is the number to hold against a contractor's quoted rate, and it is the one job adverts almost never print.

Salary versus contract rate

A day rate looks large beside a salary and usually is not. A contractor at 400 a day working 220 billable days grosses 88,000 — but funds their own pension contributions, insurance, equipment, training, sick days, and the unpaid gaps between contracts. An employee on 60,000 typically receives benefits worth a substantial fraction of that figure on top of it.

The honest comparison is therefore not rate against rate. Convert both to an annual figure here, then add what the employer contributes for the employee and subtract what the contractor must provide for themselves. Only after that are the two numbers describing the same thing. Percentage Calculator helps express the benefits as a share of base pay, which is how the gap is normally negotiated.

What the 52-week assumption hides

Dividing by 52 assumes you are paid for every week of the year. That is true for a salaried employee and false for almost everybody else. It ignores leave, so an hourly figure computed this way understates what you earn per hour actually worked: someone taking four weeks of holiday works 48 weeks, and their rate on hours worked is 60,000 ÷ 1,920 = 31.25 rather than 28.85.

It ignores overtime too. If unpaid hours are normal in the role, enter the hours you really work rather than the contracted figure and the tool will tell you what the salary is worth per hour of your life — frequently the more useful number of the two, and the one that changes a decision.

Private and precise

Every figure is worked out in your browser with standard financial formulas. Nothing you type is uploaded, stored or sent anywhere.