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hourly rate
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Please could you tell me how to work out my hourly rate - either from net or gross ~(monthly or yearly) whichever is easier - thanks
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For annual salary:
Divide salary by 52 to give weekly pay. Divided the answer by the number of hours you work in a week and this will be the answer.
Example: Salary �10 400 Divided by 52 = �200 (weekly pay) Call this A. Number of hours worked per week 40 call this B, therefore hourly rate = A/B so 200 divided by 40 = �5.00 per hour.
NB The above all refer to GROSS pay.
Divide salary by 52 to give weekly pay. Divided the answer by the number of hours you work in a week and this will be the answer.
Example: Salary �10 400 Divided by 52 = �200 (weekly pay) Call this A. Number of hours worked per week 40 call this B, therefore hourly rate = A/B so 200 divided by 40 = �5.00 per hour.
NB The above all refer to GROSS pay.
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