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Convert your annual salary to an equivalent hourly wage.
Hourly = Annual Salary / (Hours/Week × Weeks/Year). Weekly = Salary / 52. Monthly = Salary / 12.
Result: $28.85/h, $1,153.85/week, $5,000/month
Standard full-time: 40 hours × 52 weeks = 2,080 hours per year.
No, use 52 weeks for salaried positions with paid vacation. Use fewer weeks if unpaid.
Freelancers should factor in self-employment taxes, health insurance, unpaid time off, and overhead costs, typically adding 25-40% above the equivalent employee hourly rate.
Add expected annual bonuses and commissions to your base salary before dividing to get a more accurate hourly rate that reflects your total annual compensation.
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