Assuming a 40-hour workweek, the hourly rate is $500 divided by 40, or $12.50. Factoring in 30 percent for benefits, the total direct labor rate is 1.3 multiplied by $12.50, or $16.25 per hour.

Divide the annual salary figure by the hours worked. For instance, an employee who has a 35 hour work week, which is 1,820 for a year, and who makes $63,000, has an hourly wage of $34.62.

Now that you have gathered all the necessary information, it’s time to calculate your hourly wage. Simply divide your annual salary by the total number of work hours: Hourly Rate = Annual Salary ÷ ...

How Do I Calculate My Hourly Rate As A Consultant? As a new consultant, dividing your previous salary by 52 weeks and then dividing that number by 40 (the number of hours in a week) is the most ...

Learn a simple formula to determine your hourly rate as a consultant, based on your income goals, billable hours, overhead costs, and profit margin.

How to calculate hourly rate from salary We’d like to explain the math underlying the calculations in this section. First, let’s see how we calculate the hourly rate based on other wages. To make sure ...

One mistake contractors make is to charge the same man-hour rate for maintenance crews as well as construction ones. Here are two different calculations to follow for when calculating man-hour rates ...

Determine your market value: Here is how Pakistani freelancers can calculate their hourly rate (step-by-step) By Ahsan Zafeer ⏐ 4 years ago ⏐ 3 min read ...

Total Annual Salary = Monthly Salary x 12 For example, if your monthly salary is $3,000: Total Annual Salary = $3,000 x 12 = $36,000 3. Calculate Your Working Hours Per Year Next, determine the number ...

Learn how to set your hourly rate as a facilitator based on four factors: expenses, income, value, and market. Find tools and tips to help you charge your worth.