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Estimate how many days an employee works, and how many hours per day; divide the anual salary by that. You may want to do some additional adjustments, for example due to the fact that an employee paid by the hour wouldn't get some of the additional benefits that your permanent staff gets, but that's the basic idea.

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What is the formula to calculate monthly pay?

To calculate monthly pay, you can use the formula: [ \text{Monthly Pay} = \frac{\text{Annual Salary}}{12} ] For hourly employees, the formula is: [ \text{Monthly Pay} = \text{Hourly Wage} \times \text{Hours Worked Per Week} \times 4.33 ] Here, 4.33 represents the average number of weeks in a month.


What is formula to calculate annually salary to hourly salary?

Divide the Annual Salary by 2080. 2080 represents the number of business hours based on an 8-hour day within the fiscal year. This is achieved by multiplying the standard 40 hour week by 52 weeks within the year. This is the equivalent of an hourly wage exluding overtime.


How do you calculate basic wage?

To calculate basic wage, first determine the employee's hourly rate or salary. For hourly workers, multiply the hourly rate by the number of hours worked in a pay period. For salaried employees, divide the annual salary by the number of pay periods in a year. This gives you the basic wage for that specific pay period.


How do you calculate your pay for the day if you are being paid an hourly wage?

the hourly rate times the hours worked


How do you calculate the hourly rate for a salaried employee based on a 40 hr work week?

To calculate the hourly rate for a salaried employee based on a 40-hour work week, first determine the annual salary. Then, divide the annual salary by the total number of work hours in a year, which is typically 2,080 hours (40 hours/week x 52 weeks/year). The formula is: Hourly Rate = Annual Salary / 2,080. This gives you the hourly wage based on a standard full-time schedule.

Related Questions

What is the formula to calculate monthly pay?

To calculate monthly pay, you can use the formula: [ \text{Monthly Pay} = \frac{\text{Annual Salary}}{12} ] For hourly employees, the formula is: [ \text{Monthly Pay} = \text{Hourly Wage} \times \text{Hours Worked Per Week} \times 4.33 ] Here, 4.33 represents the average number of weeks in a month.


A location employs 200 people If 170 of these are hourly employees and the rest are salaried employees what percentage of the employees are hourly?

A location employs 200 people. If 170 of these are hourly employees and the rest are salaried employees, what percentage of the employees are hourly?


How could a time sheet calculator be beneficial?

A time sheet calculator would be beneficial for businesses with a number of hourly employees. Using a time sheet calculator can reduce the amount of time that payroll employees need to calculate paychecks for hourly employees.


What is formula to calculate annually salary to hourly salary?

Divide the Annual Salary by 2080. 2080 represents the number of business hours based on an 8-hour day within the fiscal year. This is achieved by multiplying the standard 40 hour week by 52 weeks within the year. This is the equivalent of an hourly wage exluding overtime.


How do you Calculate Annually salary from hourly rate?

To calculate an annual salary from an hourly rate, multiply the hourly wage by the number of hours worked per week, and then multiply that result by the number of weeks worked in a year. For a full-time employee working 40 hours per week for 52 weeks, the formula is: Annual Salary = Hourly Rate × 40 hours/week × 52 weeks/year. For example, if the hourly rate is $20, the annual salary would be $20 × 40 × 52 = $41,600. Adjust the number of hours or weeks as necessary for part-time or seasonal work.


Which of these employees are eligible for overtime and holiday pay?

hourly employees


How do you calculate basic wage?

To calculate basic wage, first determine the employee's hourly rate or salary. For hourly workers, multiply the hourly rate by the number of hours worked in a pay period. For salaried employees, divide the annual salary by the number of pay periods in a year. This gives you the basic wage for that specific pay period.


What do you do to calculate a formula in excel you have hourly rate of 6.80 but need to add 20 percent for a weekend rate any ideas what to do?

=6.80*1.20 or =D16(or whatever cell the hourly rate is in)*1.20


What is Microsoft Excel formula to calculate a hourly rate with a 5 percent increase?

Put the rate in a cell, let us use B23. Calculate the new rate in cell C23 using this formula:=B23*1.05


How many of Ford Motor Company's employees are union workers versus hourly employees?

All of Ford's hourly employees are union workers. From the janitors to the tradesman, all are union members.


How much does afaze pay employees hourly?

10.36hr


Can an employer offer health insurance to salaried employees but not hourly employees?

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