Take the average number of hours you work in a week, multiply by the number of weeks you work in a year (subtract vacation). So I think I work 50 hour weeks on average, and I do that 49 weeks a year (say I take 3 weeks of vacation). That's 2450 hours a year. Divide your annual salary by that to get an hourly wage.
If you are hourly, the math is obviously done for you!
but aren't your vacations days paid? I prefer to just take my annual income, drop the thousands and divide by 2
They are paid, but I'm not working during them, so they shouldn't count as hours I worked (and the hours I did work to earn them should count for more). If you work 2000 hours on the nose, your way works.
I think I work 50 hours in a typical week. My H thinks I work 60. Haha. Either way, there are definitely a few weeks out of the year when I do absolutely nothing work-related, so I'm going to estimate I work ~2700 hours/year.
I think I work 50 hours in a typical week. My H thinks I work 60. Haha. Either way, there are definitely a few weeks out of the year when I do absolutely nothing work-related, so I'm going to estimate I work ~2700 hours/year.
You don't get summers and breaks off?
I don't know of many college faculty who only work for 30 weeks/year. Especially on the tenure track. We are expected to do summer research with our students, and I spend a lot of time over breaks developing course materials so that my typical week is not like this one. It's probably more accurate that I work ~60 hours/week for 30 weeks/year and ~40 hours/week for 18 weeks/year. So maybe more like 2500 hours/year.
FWIW, I bet most of your hourly wages are a good 10-30% higher thanks to your benefits packages.
I thought about trying to account for that, but it really didn't seem possible in the context of a poll.
You are supposed to be the polling expert. If you can't do it, there is just no hope that we will ever have a scientifically accurate poll on this board.
I thought about trying to account for that, but it really didn't seem possible in the context of a poll.
You are supposed to be the polling expert. If you can't do it, there is just no hope that we will ever have a scientifically accurate poll on this board.
I think I did pretty well--look at that nice bell curve!
I am kicking myself for not going $20-$29.99 and $30-$39.99 though. I debated it at the time.
My hours fluctuate so this is hard for me to compute. Weeks I work from home I typically work 40 hours a week. Weeks I am travelling this typically is between can go up to 65 hours or more.
I just voted based on my actual hourly salary which is listed on my paycheck. (I am salaried, but I have a specific hourly rate as well which comes into play for overtime and things like that). I didnt feel like using a calculator.
Too low when I use the actual numbers I work. If I was averaging 40-hr work weeks I would be much happier (both with life and also with the hourly rate).
FWIW, I bet most of your hourly wages are a good 10-30% higher thanks to your benefits packages.
I tried to do this in my head. I know the amount for the benefits I waive in lieu of cash. I got stuck trying to compute the other benefits, and gave up.
I figured since everyone was including their benefits, I'd just omit my bonuses.
I included my entire W2 salary. So yes, commissions.
I didn't include my bonuses or commissions (I get a % from my book of business). I'm straight hourly right now at work since having a kid so I just checked that.
farmvillelover, do you get paid hourly by the billable hour?
$20.80 per hour. But I have expenses to pay out of that. Kids have to eat and all that. Daycare isn't known for making people rich.
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Thank God I don't have any expenses to pay out of my salary. The horror!
she has to have supplies and such there for the children, which I imagine are fairly substantial. I assume she does get to write some of those expenses off on her tax liability.
So I put that I only work 44 weeks since I get 4 weeks vacation plus winter break, spring break, and Fridays off in the summer. I did include holidays as hours worked since that seems to be a little unclear.
Like Jenny, this poll confirms that I can never leave my current job.
Thank God I don't have any expenses to pay out of my salary. The horror!
she has to have supplies and such there for the children, which I imagine are fairly substantial. I assume she does get to write some of those expenses off on her tax liability.
No I mean food, crafting supplies, etc. I write some off, but it's a big cut of my pay each week.
Food alone is usually about $250 a week for the kids. I can write off some of that but I prefer to feed then fresh and whole foods which means more money out of pocket than what I am reimbursed for. The government doesn't care if it is mac 'n cheese or organic veggies, the reimbursement rate is the same.