Salary Converter

The conversions

Pick a direction, enter a figure, and set your working pattern: hours per week (35, 37.5, 40, 45 or 50) and weeks per year (up to 52). From an annual salary the tool calculates hourly pay = annual / (hours x weeks), weekly pay = annual / weeks, daily pay = annual / (weeks x 5) and monthly pay = annual / 12. From an hourly rate it first works out the annual figure as rate x hours x weeks, then derives the rest the same way.

For example, a 60,000 salary at 40 hours a week for 52 weeks is 28.85 an hour, 1,153.85 a week, 230.77 a day and 5,000 a month. Count 37.5 hours a week and 48 working weeks instead, and the same salary becomes 33.33 an hour, 1,250 a week and 250 a day, while the monthly figure stays at 5,000. In the other direction, an hourly rate of 30 for 40 hours a week gives 62,400 a year over 52 weeks, but 55,200 if you only work 46 of them.

Choosing hours and weeks

The hourly rate changes a lot depending on what you count, so it is worth being deliberate. If you are salaried and paid through holidays, 52 weeks gives the rate you are paid per hour. If you want to know what you earn for each hour you actually work, reduce the weeks to the number you really work after holiday and leave. Freelancers and contractors who are not paid for time off should use the weeks they can realistically bill, which is why a day rate should be higher than the simple conversion. A 37.5 hour week is a common full-time contract in Norway and several other countries, and 40 hours is the usual in the US.

What it does not do

All figures are gross, meaning before tax and deductions. The tool does not calculate tax, social contributions, pension, overtime premiums, bonuses or benefits, and it works in a single currency with no conversion between currencies. The daily figure assumes a five-day week. Use it to compare offers and rates on equal terms, and use your payslip or a tax calculator for what lands in your bank account.