Comparing pay on equal terms
Job offers, contracts and freelance quotes are often given in different units. Converting them to the same period, usually hourly or yearly, is the only fair way to compare. Adjust the hours and weeks to match the real working pattern: a 37.5-hour week with four unpaid weeks off changes the hourly figure noticeably.
Formulas
- Hours per year = hours per day × days per week × weeks per year
- Hourly = yearly ÷ hours per year
- Monthly = yearly ÷ 12
Self-employed? The freelance rate calculator adds tax, expenses and unbillable time. Track your hours with a timesheet.