Hourly to Annual Salary

Learn about Hourly to Annual Salary and more with Workstream and improve your hiring vocabulary. Workstream helps companies hire better, faster - everyday.
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What is the meaning of Hourly to Annual Salary? 
 

Hourly to annual salary refers to the equation below:

                      Hourly Salary × Hours Worked Per Week × 52 Weeks = Annual Salary

As seen in the formula, the annual salary is the product of the hourly salary, the number of hours worked per week, and 52 weeks per year. Remember that this is a baseline computation. Meaning, variable hours and overtime pay are not yet included. 

This simple computation calculates the annual salary of hourly employees. 

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