Re: Calculating pay rate

Subject: Re: Calculating pay rate
From: Helen OBoyle <hoboyle -at- gmail -dot- com>
To: Gene Kim-Eng <techwr -at- genek -dot- com>
Date: Mon, 24 Oct 2016 07:37:17 +1100

Hi Keith,

Gene's method is close to what I use -- I base it on an annual number of
hours rather than a monthly figure.

The number of hours I use in the calculation is less than 2000, because I
also subtract from the 2000:
* 5 days (40 hours) of sick leave per year
* N days (x hours) of state and federal holidays per year

Kind regards,

Helen.

On Mon, Oct 24, 2016 at 4:55 AM, Gene Kim-Eng <techwr -at- genek -dot- com> wrote:

> The standard conversion method is annual pay to hourly. Based on a 40 hour
> work week with 2 weeks of annual vacation, you divide the annual salary by
> 2000 hours. The reason for this is, of course, because the months are not
> the same.
>
> If you're forced to discuss pay as a standard monthly amount for some
> reason, multiply the monthly by 12 to get the annual and then divide by
> 2000.
>
> Gene Kim-Eng
>
>
>
> On 10/22/2016 11:18 PM, Keith Hood wrote:
>
>> In order to give a rate quote, I need to figure out what is the monthly
>> gross when working by the hour. I know there are several ways of
>> converting
>> hourly pay to monthly - what is the most accurate?
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References:
Calculating pay rate: From: Keith Hood
Re: Calculating pay rate: From: Gene Kim-Eng

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