Convert an hourly rate into weekly, monthly and annual pay, with an estimate after deductions.
Annualising an hourly rate is a straight multiplication, but the paid-weeks figure is where estimates diverge: 52 assumes every week is paid, while contractors who take unpaid leave should reduce it. The deduction percentage gives an indicative net figure. Comparing an hourly contract against a salaried offer requires both on the same annual basis, including the weeks you will not be paid for.
Hourly to Annual Salary
Annual gross = hourly rate × hours per week × paid weeks per year
Annual gross = hourly rate × hours per week × paid weeks per year Annualising an hourly rate is a straight multiplication, but the paid-weeks figure is where estimates diverge: 52 assumes every week is paid, while contractors who take unpaid leave should reduce it. The deduction percentage gives an indicative net figure.
Comparing an hourly contract against a salaried offer requires both on the same annual basis, including the weeks you will not be paid for.
This calculator takes 4 inputs: Hourly rate, Hours worked per week, Paid weeks per year, Tax and deductions. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.