Salary Converter

A job advert quotes an hourly rate, the contract says a yearly salary, and you're trying to work out your monthly income. This converter takes pay in any one period and gives you every other: hourly, daily, weekly, every two weeks, monthly and yearly. You set your hours, days and paid weeks, so it works for part-time and shift patterns too.

How to use it

1. Enter the amount you're paid.
2. Choose whether it's per hour, day, week, two weeks, month or year.
3. Set your hours per week, days per week and paid weeks per year.
4. Read the other equivalents.

When it helps

• Comparing a job offer quoted hourly with one quoted yearly.
• Working out monthly income from an hourly wage.
• Estimating pay for part-time or contract work.
• Budgeting when income comes in a different period from your bills.

Good to know

• Reduce the paid weeks if you expect unpaid leave; 50 weeks instead of 52 makes a noticeable difference.
• All figures are before tax and deductions.
• Hours per week changes the hourly equivalent of a salary a lot, so set it honestly.

How the conversion is done

Everything is converted to a yearly amount first. Hourly pay is multiplied by hours per week and paid weeks per year. Weekly pay by paid weeks, monthly by 12 and so on. Then the yearly figure is divided back down to each period.

That's why changing the paid weeks changes the hourly rate for a given salary: a 52,000 salary over 52 weeks at 40 hours is 25 an hour, but over 50 paid weeks it's 26.

Worked example: comparing job offers

One offer is 25 an hour for 40 hours a week and the other is 4,000 a month. The first equals 52,000 a year and about 4,333 a month, so it pays more. The second is 48,000 a year, equal to about 23.08 an hour.

If the second job has 20 days of paid leave and the first has none, adjust the paid weeks accordingly to compare fairly.

Gross versus take-home pay

The figures here are before tax and deductions. Take-home pay depends on tax bands, pension contributions, insurance and other deductions, which vary by country. Check a local net pay calculator for the amount you'd actually receive.

When negotiating, compare the whole package: pay, benefits, leave, bonuses, transport and training.

Hours and overtime

Salaried roles often include extra hours without pay, so the effective hourly rate may be lower than it looks. If you actually work 50 hours a week, set hours per week to 50 to see your real rate.

For hourly roles, overtime is often paid at 1.5 times, which can make a big difference. The Time Card Calculator includes that.

Review each year

Recalculate when your hours, leave or tax situation changes. A small change in paid weeks or hours can shift your effective hourly rate by a noticeable amount.

Questions