Salary to hourly rate calculator
Moving from full time to freelance? Calculate your hourly/daily rate based on your current annual salary in seconds.
Salary to Rate
|Full Time (per year)||Freelance (per hour)|
|Your freelance rate:||$0.00|
Your basic annual salary
The per year figure is divided by 230 days representing the approximate amount of billable days for a freelancer each year.
Calculation is based on a total of 255 working days in a year, minus 5 for sick days, minus 20 days which you would have as paid holidays in a permanent position.
The per hour rate is based on an 8 hour work day.
Your freelance rate…
The weighted total is based on a cost to the employer of an additional 15 - 20% with taxes, and a market rate which would counteract the long-term stability of a permanent position with a higher remuneration for a specific project