Hourly to Salary Calculator
Convert hourly wages to annual salary and vice versa. Includes overtime calculations and different pay frequencies for accurate salary comparisons.
Conversion Results
Hourly Rate:
$0.00
Annual Salary:
$0
Monthly Salary:
$0
Bi-Weekly Pay:
$0
Weekly Pay:
$0
Overtime Information
Overtime Hours:
0
Overtime Rate:
$0.00
Overtime Pay:
$0
Work Schedule
Hours/Week:
0
Weeks/Year:
0
Total Hours/Year:
0
Understanding Hourly vs. Salary Pay
Converting between hourly wages and annual salaries is essential for comparing job offers, understanding compensation packages, and making informed career decisions. Different pay structures have different implications for your income and benefits.
Hourly vs. Salary Pay
Hourly Pay
- Paid based on hours worked
- Overtime pay for hours >40/week
- More predictable for part-time work
- May include benefits
- Variable income based on hours
Salary Pay
- Fixed annual amount
- No overtime pay (exempt positions)
- Stable income regardless of hours
- Usually includes benefits
- Better for full-time professionals
Overtime Pay Rules
| Overtime Type | Rate | FLSA Coverage |
|---|---|---|
| Regular Overtime | 1.5x regular rate | Non-exempt employees |
| Double Time | 2x regular rate | Some industries/unions |
| Premium Pay | Additional amount | Shift differentials |
Pay Period Calculations
Common Pay Frequencies
- Weekly: 52 pay periods/year
- Bi-Weekly: 26 pay periods/year
- Semi-Monthly: 24 pay periods/year
- Monthly: 12 pay periods/year
Annual Hours
- Full-time: 2,080 hours/year (40 hrs/week × 52)
- Part-time: Varies by schedule
- Overtime: Hours over 40/week
- Holidays: Usually paid time off
FLSA Exempt vs. Non-Exempt
Non-Exempt Employees
Eligible for overtime pay
- Hourly workers
- Paid by piece rate
- Salary under $35,568/year
- Most administrative staff
Exempt Employees
Not eligible for overtime
- Executive positions
- Professional roles
- Administrative exempt
- Salary over threshold
Benefits Comparison
| Benefit | Hourly Employees | Salary Employees |
|---|---|---|
| Overtime Pay | Yes (1.5x rate) | Usually no |
| Paid Time Off | Accrued based on hours | Fixed amount |
| Health Insurance | May be available | Usually included |
| 401(k) Match | May be prorated | Full match |
Salary Negotiation Tips
Research
Check salary ranges
Use Glassdoor/Payscale
Consider cost of living
Total Compensation
Include benefits
401(k) matching
Health insurance
Long-term Growth
Promotion potential
Professional development
Work-life balance
Tax Implications
Hourly Workers
- Withholding based on pay period
- Overtime taxed at higher rate
- May qualify for earned income credit
- Variable take-home pay
Salary Workers
- Steady withholding amounts
- Consistent take-home pay
- May have pretax deductions
- Bonus payments separate
Key Takeaways
- Annual salary = hourly rate × hours per week × weeks per year
- Hourly rate = annual salary ÷ (hours per week × weeks per year)
- Overtime pay is typically 1.5 times regular rate for non-exempt workers
- Salary employees may not receive overtime pay
- Consider total compensation including benefits when comparing offers
- FLSA rules determine overtime eligibility
- Pay frequency affects budgeting and cash flow
- Research industry standards before salary negotiations
- Consider cost of living when evaluating offers
- Professional development opportunities add value beyond salary