One way to calculate average hourly pay is to determine the average rate for all employees, regardless of where they work in your company, what they do or how many hours they work.

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.

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 ...

Begin by converting that figure to a basic hourly rate. Full-time employees typically work 2,000 hours per year after holidays, so divide 100,000 by 2,000 to get 50 — or $50 per hour as a ...

The “regular rate” is a term of art that refers to a blended pay rate that includes many forms of compensation in addition to hourly pay, including commissions, bonuses, piece-rate pay, etc.

If you add a fifty percent cushion, your hourly consulting rate will be $30 x 1.5 or forty-five dollars per hour. In most metro areas in the U.S. that is considered a modest consulting rate.

This one's easy. Take your annual salary and divide it by 52, the number of weeks a year. So, if you make $30,000 a year, your weekly salary is $576.92. Step 3: Solve for w.