Wages Calculator - Salary To Hourly Paycheck
This wage calculator converts any salary into hourly pay. Plus, it will also factor in your job costs such as commuting and other work related expenses to figure real hourly pay when all costs are included.
Make sure to factor in holidays, insurance, and other benefits that often go with salaried jobs to develop a complete picture of your true hourly rate. Also note: this calculator uses take home pay thus calculating after tax pay rate. If you prefer, you can enter pre-tax wages in the first field to calculate pre-tax hourly pay.
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Convert Your Salary To Hourly Pay
Figuring out how to compare job offers can be challenging.
There are so many factors involved in the decision. One offer could be salary and another hourly. One includes comprehensive benefits and another offers no benefits.
The purpose of the Wage Calculator is to convert salary to an hourly paycheck while factoring in all benefits and other related costs. It makes the math easy so you can compare apples to apples and know which employer is making the best offer.
Evaluating An Offer
Your salary and benefits package is crucial when considering a job offer. Oftentimes, people fail to consider other hidden factors such as cost of living, benefits, and relocation expenses when making a decision to switch jobs.
Regardless of where compensation ranks on your list of priorities, it’s important to convert salary to an hourly paycheck so all offers can be considered equally. That’s why this handy calculator converts all salary and benefit numbers to a single hourly number for easy comparison.
Economic Factors To Consider
When evaluating an offer, don’t forget to consider your entire compensation package. What will be included? How many hours do you need to work? What other costs are involved, and what will be paid for by your employer? Calculate long-term financial impacts, commuting costs, and health or childcare benefits. Also include work related expenses that are not paid by the company.
You may also include in the calculator other things such as vacation time, moving expense reimbursement, paid personal days, etc. Finally, make sure to include the intangibles such as the actual workspace, travel responsibilities, schedule flexibility and staff friendliness. Use this wage calculator to compare your hourly and salary pay offers so you know which is the best offer to take.
Make Sure To Include These Benefits In Your Hourly/Salary Calculation
You may also want to consider other benefit packages in your calculation, such as:
- Personal leave (including vacation and sick leave)
- 401k/403b/pension/retirement plans
- Health, dental, vision insurance
- Profit sharing
- Tuition reimbursement
- Flexible schedule
- Cell Phone/blackberry/laptop
- Travel duties
- Life Insurance
- Disability coverage
- Stock options
- Maternity/paternity leave
- Compensation Time
- Signing bonus
- Company car
- Relocation cost coverage
In summary, there is a lot to factor in when comparing various job offers. Fortunately, this wage calculator makes the process point-and-click easy by including all factors so that you can conveniently reduce all that complexity to a single number for comparison. I hope it helps you make a smart decision during your job hunt.
- Take Home Salary – The amount of pay leftover after taxes and other deductions.
- Work Hours – How many hours you work per pay period.
- Pay Period -Weekly, Bi-Weekly, Monthly?
- Coffee Break / Lunch Break – How many minutes are you entitled for coffee and lunch break?
- Travel Time – How many minutes do you need to travel from your home to your work place daily?
- Miles Driven – How many miles are you going to drive daily?
- Other Personal Expenses - This includes payment for day care, dining out, parking fees, clothing expenses, etc.
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