Salary Calculator

A job offer arrives as an annual number and lands in your account as something considerably smaller. This calculator breaks a salary into monthly, weekly, daily and hourly equivalents so you can compare offers, judge contract rates, and see what your time is actually worth.

Inputs

Annual salary

Hours per week

Result

75,000 per month

Weekly 17,307.69 · Hourly 432.69

How the salary calculator works

Monthly = annual ÷ 12. Weekly = annual ÷ 52. Daily = annual ÷ working days. Hourly = annual ÷ (weekly hours × working weeks).

A standard full-time year is 2,080 hours: 40 hours × 52 weeks. Paid leave is included in that figure, which is why salaried hourly equivalents look higher than they feel.

For a contractor comparison, use billable weeks only. Forty-six billable weeks at 40 hours is 1,840 hours, so a contract rate must be about 13% higher just to match on time alone.

Worked example: a 96,000 annual salary

Monthly: 8,000. Semi-monthly: 4,000. Bi-weekly: 3,692.
Weekly: 1,846. Daily on 260 working days: 369.
Hourly on 2,080 hours: 46.15.
As a contractor covering own leave and insurance, the equivalent is roughly 46.15 × 1.3 = 60 an hour.
Add employer retirement match and health cover worth 12,000 and total compensation is 108,000, or 51.92 an hour.

Common mistakes to avoid

Comparing gross salary against a contract rate

Employment includes paid leave, employer contributions, insurance and payroll tax that a contractor pays personally. A like-for-like contract rate is typically 25–40% higher.

Ignoring the pay-period mismatch

Bi-weekly pay produces 26 cheques, not 24. Two months a year contain three cheques, which distorts monthly budgeting if you plan on the semi-monthly figure.

Overlooking non-salary compensation

Retirement matching, bonuses, equity and healthcare can be a fifth of total value. Compare total compensation, not base pay.

Frequently asked questions

How do I convert an annual salary to an hourly rate?

Divide by 2,080 for a standard 40-hour full-time year. A 96,000 salary is 46.15 an hour.

How many working days are in a year?

About 260 before holidays and leave, and typically 225–235 actually worked once both are deducted.

What contract rate matches my salary?

Start with your hourly equivalent, add 25–40% for unpaid leave, self-employment tax and benefits you must now buy yourself.

Is bi-weekly the same as twice a month?

No. Bi-weekly is every two weeks — 26 payments a year. Semi-monthly is 24. The per-cheque amounts differ accordingly.

Should I negotiate salary or benefits?

Salary compounds through future raises and is portable, so it usually wins. Benefits matter most when they cover a cost you would otherwise pay from taxed income.