How to use this calculator
Choose your direction: hourly to salary or salary to hourly. Enter your rate or salary, then adjust the hours per week and weeks per year if they differ from the standard 40 hours and 52 weeks.
The calculator instantly shows your equivalent income across all common pay periods. Use this when evaluating job offers, negotiating raises, or understanding what your time is actually worth.
Open the overtime scenario to see how working beyond 40 hours at time and a half affects your total pay. This is especially useful for hourly workers deciding whether to pick up extra shifts.
Understanding total compensation
Your hourly rate or salary is just one piece of your total compensation. When comparing offers, add up health insurance (employer portion), retirement matching, PTO value, and any other perks.
A common rule of thumb: benefits add 20% to 40% on top of base pay. A $50,000 salary with full benefits could represent $60,000 to $70,000 in total compensation value.
Frequently asked questions
Is salary better than hourly pay?
It depends on your situation. Salaried jobs often include benefits and stability but may expect unpaid overtime. Hourly jobs pay for every hour worked (including overtime) but may offer fewer benefits. Always compare total compensation, not just the base number.
How do I calculate salary with overtime?
Multiply your base hourly rate by 40 for regular weekly pay. Then add your overtime hours multiplied by 1.5 times your base rate. Multiply the total weekly amount by 52 for annual. Example: $20/hr with 5 OT hours = ($800 + $150) x 52 = $49,400 per year.
How much are benefits worth on top of salary?
Benefits typically add 20% to 40% to your base compensation. Health insurance alone can be worth $7,000 to $22,000 per year in employer contributions. Add retirement matching, PTO, disability insurance, and other perks for your true total compensation.
Does 2,080 hours equal full time?
Yes. 2,080 hours is the standard full time year: 40 hours per week multiplied by 52 weeks. This is the number used by employers, the IRS, and the Bureau of Labor Statistics. If you take unpaid time off, your actual working hours will be lower.