Hourly to Salary Converter

Whether you're comparing job offers, negotiating salary, or planning your budget, converting between hourly wages and annual salaries is essential. Hourly positions and salary positions are structured differently, making direct comparison challenging without conversion.

This free hourly to salary converter helps you calculate annual salary from hourly wage, account for different work schedules, and include benefits value to see total compensation. It's perfect for comparing job offers, understanding your earnings, and making informed career decisions.

Use this tool to convert hourly rates to annual salaries, compare contract vs. full-time positions, and understand the true value of compensation packages including benefits.

Follow these steps to convert hourly wage to salary:

1. 1

   Enter Hourly Wage

   Input your hourly wage rate. This is what you earn per hour of work.

2. 2

   Set Work Schedule

   Enter hours worked per week and weeks worked per year. Full-time is typically 40 hours/week, 52 weeks/year.

3. 3

   Add Benefits Value (Optional)

   Enter the annual value of benefits: health insurance, retirement contributions, paid time off, etc. This calculates total compensation.

4. 4

   Review Salary Conversion

   See your annual salary, total compensation (with benefits), monthly, weekly, and daily salary equivalents.

Standard Full-Time: 40 hours/week × 52 weeks/year = 2,080 hours/year. To convert hourly to annual: Hourly Wage × 2,080 = Annual Salary.

Example: $25/hour × 2,080 hours = $52,000 annual salary. This assumes full-time work with no unpaid time off.

Benefits Value: Don't forget to add benefits value when comparing positions. Health insurance, retirement contributions, paid time off, and other benefits can add 20-30% to total compensation.

Part-Time Adjustments: For part-time work, adjust hours per week. For positions with unpaid time off, reduce weeks per year accordingly.

1. Always Compare Total Compensation

Don't just compare base salary. Include benefits value, retirement contributions, paid time off, and other perks. A lower salary with great benefits may be better than a higher salary with no benefits.

2. Account for Work Schedule Differences

Hourly positions may offer overtime pay, while salary positions typically don't. Consider expected hours worked when comparing. Salary positions may require more than 40 hours/week.

3. Factor in Job Security

Salary positions often offer more job security and stability. Hourly contract positions may pay more but lack benefits and job security. Consider your risk tolerance.

4. Consider Career Growth

Look beyond immediate compensation. Consider opportunities for advancement, skill development, and long-term career growth when comparing positions.

5. Negotiate Based on Total Value

When negotiating, present total compensation (salary + benefits) rather than just base pay. This gives you more leverage and shows you understand the full value of the position.