Convert an hourly wage to a salary by using the formula that $1 per hour is $2,000 per year.
Example : If you make $10 per hour, that would translate to a $20,000 per year salary.
Another way to compare hourly wages to a salary is to drop the three zeros of a salary and then divide by two. So a salary of $42,000 would be roughly equivalent to $21 an hour. Conversely, multiply an hourly rate by two and add three zeros to the total to figure out a salary from an hourly wage.
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Offer higher wages—and not just signing bonuses. To attract workers, including hourly employees, some employers have resorted to signing bonuses. Restaurants, for example, are offering bonuses when people are hired or after a period of a few months.
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If you're an hourly worker or a salaried employee, look at your latest paycheck and multiply it by the number of paychecks you receive per year. Also, include money from side hustles and freelancing gigs.
You are trying to calculate your take-home pay.
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