alchico Posted September 11, 2007 Share Posted September 11, 2007 I'm currently in a salaried position and have been offered a job at an hourly rate. How do i convert an hourly rate to a yearly salary??? Quote Link to comment Share on other sites More sharing options...
BYoder Posted September 11, 2007 Share Posted September 11, 2007 I'm currently in a salaried position and have been offered a job at an hourly rate. How do i convert an hourly rate to a yearly salary??? Multiply the hourly rate by the number of hours you work in a year. Using a 52 week year and 40 hours a week that would be 2080 hours. Quote Link to comment Share on other sites More sharing options...
frenzal rhomb Posted September 11, 2007 Share Posted September 11, 2007 Hrly wage x 40 hrs per week x 52 weeks in a year or more simply - hourly wage x 2080 hrs in a year ex . 10/hr x 40 = 400 x 52 = 20800 per year. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 11, 2007 Share Posted September 11, 2007 Multiply the hourly rate by the number of hours you work in a year. Using a 52 week year and 40 hours a week that would be 2080 hours. yeah, or a simple rule of thumb is 2K per dollar-an-hour. 10 bucks an hour is 20k, 25 bucks an hour is 50k, etc. Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted September 11, 2007 Share Posted September 11, 2007 divide the yearly salary by 2080. Quote Link to comment Share on other sites More sharing options...
chiefjay Posted September 11, 2007 Share Posted September 11, 2007 i'm not sure it's quite that simple. How many hours do you work now and how many would you work at the new job (estimate). Hrly you get paid for over 40, salary you do not. Salary pays for holidays and vacations, hourly may not. Make sure you have all the information to make an informative decision. Quote Link to comment Share on other sites More sharing options...
ABearWithFurniture Posted September 11, 2007 Share Posted September 11, 2007 Having consulted for numerous years, most if not all agencies just say 2000 hours. So a salary of 70K a year equates roughly to 35 an hour. Quote Link to comment Share on other sites More sharing options...
alchico Posted September 12, 2007 Author Share Posted September 12, 2007 i'm not sure it's quite that simple. How many hours do you work now and how many would you work at the new job (estimate). Hrly you get paid for over 40, salary you do not. Salary pays for holidays and vacations, hourly may not. Make sure you have all the information to make an informative decision. Thanks everyone I did take the job, it's and 8-5, 5 days a week, on call 2 weeks a month with a minumum 2hrs if i walk out the door. It was a slight increase in my overall salary assuming i work the entire year. Full bennies is why i took it though. Full medical, dental and vision (low copays) minimal cost to add my wife (i pay over 500 month for her and 240 for me, now only 218 total) 10 days vacation, 6 sick days, all holidays paid. And a 401k with a 4% match. At first i wasn't to keen on the job due to the modest salary increase but when i figured out the benefits i feel like i got about a $500 monthly increase in my take home and some peace of mind. Sometimes big companys are great, but i will miss the freedoms i had at my old job. Quote Link to comment Share on other sites More sharing options...
Robash Posted September 12, 2007 Share Posted September 12, 2007 do you get time and a half for overtime/weekends and double on holidays? wish the military would go hourly...but then your taxes would go up as i became rich :P Quote Link to comment Share on other sites More sharing options...
Outshined Posted September 12, 2007 Share Posted September 12, 2007 do you get time and a half for overtime/weekends and double on holidays? wish the military would go hourly...but then your taxes would go up as i became rich :P When deployed, I would have been on the clock 24/7 for 6 months. Quote Link to comment Share on other sites More sharing options...
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