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Subject:
Hours Worked By Salary Earned
Category: Business and Money > Employment Asked by: rlstlouis-ga List Price: $2.00 |
Posted:
15 Nov 2004 09:42 PST
Expires: 06 Dec 2004 10:22 PST Question ID: 429255 |
Where can I found out how many hours people work by the annual salary they earn? |
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There is no answer at this time. |
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Subject:
Re: Hours Worked By Salary Earned
From: politicalguru-ga on 15 Nov 2004 13:15 PST |
IMHO, there is no formula (you can ask them, of course, if it is an individual case): some positions require many more hours than the official working-hours basis; some people in the same position put more or less effort (in hours) into their work. |
Subject:
Re: Hours Worked By Salary Earned
From: jack_of_few_trades-ga on 16 Nov 2004 09:46 PST |
The formula you would need to use is: Yearly Hours * Hourly Wage = Salary If you only know the Salary, then you cannot solve the equation, but you could graph it. If you can figure out their hourly wage then you can solve for a precise number of hours that they work (either weekly or yearly... depending on what you're looking for). On a side note, there are approximately 2000 work hours in a year (for a 40 hours per week job which most people work) so the formula for determining an hourly rate from a yearly rate is fairly simple: For every $2000 yearly it is $1 hourly... $50,000 yearly = $25 hourly (approximately) |
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