Hourly wage calculation for salary employees
You will be able to determine the hourly rate for a salary employee.
You currently have a salary employee.
- Salary amount x pay frequency = annual salary
(e.g., $1200 x 26 pay periods = $31200)
Annual salary/2080 (hours available annually) = Hourly rate
(e.g., $31200 / 2080 = $15.00 hourly rate)