This is equivalent to ten working days off and another five days of state holidays coinciding with working days, or three calendar weeks of vacation in total.
SALARY PER HOUR CALCULATOR FULL
Practical examplesĪll of the below examples are calculated under the reasonably realistic assumption of a 40-hour working week with 49 full working weeks per year. Naturally, we first need to convert your salary to an yearly salary, if you enter it in some other fashion. The yearly salary is divided by the number of work hours during the year, where the number of work hours is derived by first calculating the number of work hours per day by dividing the hours per week by the work days per week, and then multiplying by the total number of work days per year. Hourly Rate = Yearly Salary / ((Hours per Week / Days per Week) x Work Days per Year) The formula for salary to hourly this calculator uses is: If you have a days-off calendar handy, you might want to check if some of the holidays also coincide with weekends, since in such cases you must exclude them from the number you input.
Accounting for these is important for an accurate conversion of a salary to an hourly pay. Also enter the days you take off work - vacation days. Finally, enter at least an approximate number of official holidays per year, assuming you do not work on holidays. It is worth mentioning that our calculator outputs not just the hourly rate, but also the equivalent daily, weekly, monthly, and yearly salary. Work days per week are required in order to calculate an equivalent hourly salary. You should be thinking about "billable hours" here, so it is best to not just use whatever is on your job contract: maybe you work overtime, or maybe you happen to work less than the contract states due to specifics of the business or just bad internal organization. Then you need to specify the number of hours per week that you are in fact working. First, you need to specify the type of salary: yearly, quarterly, monthly, bi-weekly, weekly or daily. Gross rate of pay includes allowances that an employee is entitled to under a contract of serviceIn order to convert your salary to an hourly rate using our salary to hourly calculator, you need to enter a few pieces of information. Approved paid leave, including annual leave, hospitalisation leave and maternity leave.Salary deduction for unauthorised absence from work.Salary in lieu of notice of termination of service.Reimbursement of special expenses incurred in the course of employment.įor a monthly-rated employee, the basic rate of pay for 1 day is calculated as follows:ĥ2 × average number of days an employee is required to work in a week.Overtime payments, bonus payments and annual wage supplements (AWS).Includes public holidays, paid hospitalisation leave and annual leave, if entitled.įor calculating pay for work on a rest day or public holiday.īasic rate of pay includes wage adjustments and increments that an employee is entitled to under a contract of service. Reimbursement of special expenses incurred during the course of employment.Įxcludes rest days and non-working days, but includes public holidays.įor employees with fixed rest days on Sundays or non-working days on Saturdays, the total number of working days per month for year 2021/2022 is shown in this table.
Takes no-pay leave of one or more days during the month.Leaves employment before the last day of the month.Starts work after the first day of the month.When the number of hours worked in the day is more than 5. When the number of hours worked in the day is 5 or less. If you are a monthly-rated full-time employee and took unpaid leave for the month, you should count it as an incomplete month of work to calculate your salary. Total number of days the employee actually worked in that month Total number of working days in that month Salary for an incomplete month of work is calculated as follows: For calculating salary, a “month” or “complete month” refers to any one of the months in the calendar year.Ĭalculate your pay for an incomplete month of work How an incomplete month pay is calculated
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