Divide the annual salary by the number of work hours in a year
Use this formula: Hourly rate = Annual salary ÷ Annual work hours
For a full-time schedule, annual work hours are often 2,080
Example: $52,000 ÷ 2,080 = $25 per hour
If you work fewer or more hours per week, multiply weekly hours by 52 to get annual work hours
Example: 40 hours per week × 52 weeks = 2,080 hours
Example: 37.5 hours per week × 52 weeks = 1,950 hours
If you want to account for unpaid time off, subtract those hours from the yearly total before dividing
If you want a more precise rate, include bonuses, overtime, or unpaid leave as needed