Salary Calculator
Enter either an hourly rate or an annual salary — the other converts automatically, along with every pay period in between.
The conversions
Annual salary = hourly rate × hours per week × paid weeks per year. At 40 hours and 52 weeks that's the familiar shortcut: hourly × 2,080 = annual, so $25/hour ≈ $52,000/year, and a quick mental reverse: annual ÷ 2,000 ≈ hourly (within 4%).
Bi-weekly vs. semi-monthly — they're different
Bi-weekly means 26 paychecks per year (every second week); semi-monthly means 24 (say, the 1st and 15th). Bi-weekly checks are smaller but two months a year deliver three of them — a budgeting bonus if you plan around 24 and treat the extras as savings.
Comparing a salaried offer to contract/hourly work
A salaried job's benefits (employer pension/401k match, health coverage, paid vacation, sick days, employment insurance) are commonly worth 20–30% on top of base pay. As a freelancer or contractor you also pay both sides of payroll taxes and cover unbillable time. Rule of thumb: a contractor needs roughly 1.4–1.6× the equivalent employee's hourly rate to come out even.