How the Conversion Works
- Yearly salary = hourly rate × hours per week × paid weeks per year
- Hourly rate = yearly salary ÷ (hours per week × paid weeks per year)
- Monthly = yearly ÷ 12, semi-monthly = yearly ÷ 24, biweekly = yearly ÷ 26, weekly = yearly ÷ 52.
Worked Example
A $52,000 salary at 40 hours a week for 52 weeks: $52,000 ÷ 2,080 hours = $25.00 an hour — $4,333.33 a month, $2,000 every two weeks, $1,000 a week.
Frequently Asked Questions
How do I convert an hourly wage to a yearly salary?
Multiply the hourly rate by the hours worked per week, then by 52 weeks. $25 an hour × 40 hours × 52 weeks = $52,000 a year.
How do I convert a salary to an hourly rate?
Divide the yearly salary by the hours worked in a year — hours per week × 52. $52,000 ÷ (40 × 52) = $25 an hour.
How many working hours are in a year?
A full-time year is usually counted as 40 hours × 52 weeks = 2,080 hours. Paid holidays and paid time off are included, because they are paid.
Should I take vacation off the weeks?
Only unpaid time off. Paid vacation and holidays are part of the salary, so a salaried employee with paid time off is still paid for 52 weeks. Lower the weeks only for weeks that aren’t paid.
Is biweekly pay the same as twice a month?
No. Biweekly is every two weeks — 26 paychecks a year. Semi-monthly is twice a month — 24 paychecks. On the same salary, each biweekly check is a little smaller.