Hourly to salary is a conversion used to determine an employee’s salary based on their hourly pay rate. To complete this calculation, multiply the employee’s hourly pay rate by the number of hours worked in a year. For instance, the number of hours typically required of salaried employees is 2,080 per year (based on a 40-hour work week). For an employee with a wage of $25 hourly, the calculation would be:
2,080 hours x $25/hour = $52,000 annually
The calculation to determine payment based on hourly to salary does not require a complicated tool. Simply multiply the weekly hours worked (40-hour work week) by the hourly wage rate. After, multiply that sum by 52 (the total number of weeks in a year).
Example: $16/hour x 40 hours x 52 = $33,280 annually