The formula
Hourly rate = yearly salary ÷ (hours per week × weeks per year). A $50,000 salary at 40 hours a week is $50,000 ÷ 2,080 = $24.04 per hour.
Compare offers with real hours
Salaried jobs often mean more than 40 hours. If a $55,000 job really takes 50 hours a week, it pays $21.15 an hour, less than a $23 hourly job at 40 hours with overtime pay. Put the real hours in the calculator to see it.
Do not forget benefits
Health insurance, retirement match and paid time off can be worth thousands of dollars a year. Add their value to the salary when comparing.