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Finance & Business · pattern A, Numeric fields

Hourly rate to annual, and back again.

Enter an hourly rate and hours per week for weekly, monthly and annual pay, with overtime and the effective rate once unpaid time is counted.

Inputs

The formula used

annual = hourly rate × hours per week × weeks worked

Weeks worked matters: 52 assumes no unpaid leave, while 48 allows for four unpaid weeks. Salaried comparisons usually assume 52.

Annual pay

28,275.00

Weekly pay
543.75
Monthly pay
2,356.25
With overtime, weekly
630.75
With overtime, annual
32,799.00
Effective rate including overtime
15.199
Equivalent salary at 37.5 hours
28,275.00

Compare like with like before accepting a rate.

An hourly job and a salaried one are only comparable once holiday, sick pay, pension and unpaid overtime are included. A salaried role at the same headline annual figure usually delivers more, because paid leave is built in — and a salaried role with routine unpaid overtime can deliver a lower effective hourly rate than the hourly job it was compared against.

Questions about hourly wage

How do I convert a salary to an hourly rate?
Divide by 52 and then by contracted weekly hours. For a 37.5-hour week, dividing the salary by 1,950 gives the rate.
Is overtime always paid at 1.5×?
No. It depends on contract and jurisdiction; some roles have no overtime premium at all, and some have none for salaried staff.
Should I count unpaid overtime?
Yes, when comparing offers. The effective rate figure above is what actually tells you which job pays better.

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