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Old 10-08-2018, 07:36 AM
 
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Bluecollar thread
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Old 10-09-2018, 10:44 PM
Status: "I can retire today...but I love my job so...." (set 26 days ago)
 
Location: USA
560 posts, read 198,223 times
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We use 52.1667 as the number of weeks in (the company I work for). And, 40 hours per week for exempt employees. The same applies to non-exempt even though they already know their hourly rate. Occasionally, someone wants that in annual $ so it helps there even if they worked OT, DT, etc,
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Old 10-10-2018, 04:07 AM
 
Location: The Triad (NC)
26,855 posts, read 57,900,981 times
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Quote:
Originally Posted by k7baixo View Post
And, 40 hours per week for exempt employees.
The solve for X factor is about how many hours the exempt actually work.
Not what number HR uses... the actual number.
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Old 10-10-2018, 11:12 AM
 
Location: Middle of the ocean
27,504 posts, read 17,652,800 times
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Quote:
Originally Posted by MrRational View Post
The solve for X factor is about how many hours the exempt actually work.
Not what number HR uses... the actual number.
When someone asks you for your hourly rate, that is NOT what they are asking you.
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Old 10-10-2018, 12:53 PM
 
Location: The Triad (NC)
26,855 posts, read 57,900,981 times
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Quote:
Originally Posted by Mikala43 View Post
When someone asks you for your hourly rate, that is NOT what they are asking you.
If the someone is the OP of this thread... we're left to interpret.

Quote:
Originally Posted by Surfertx View Post
How do you calculate a earned rate per hour for a given total earned per year?
My interpretation is they've been quoted an annual total salary and want to break it down.
Down to the hourly rate. Gross Annual # of Hours (X) = $?? per hour.
No one knows the actual # of hours... at least not in advance. Do they?

Some are comfortable plugging in 2080. I'm not.
I'm not because I've NEVER seen a salary position employee clock LESS THAN the base 40.
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Old 10-10-2018, 01:24 PM
 
Location: Middle of the ocean
27,504 posts, read 17,652,800 times
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When a company asks you how much you make per hour, they mean the 2080. They do not mean how many actual hours you worked. Anyone who would insist upon giving me different math wouldn't be hired.

You can turn it into a joke "I made $32 per hour, but with my actual hours worked I barely cleared minimum wage."
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Old 10-10-2018, 01:48 PM
 
Location: The Triad (NC)
26,855 posts, read 57,900,981 times
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Quote:
Originally Posted by Mikala43 View Post
When a company asks you...
In case I wasn't clear...
I don't give a fig what any company or their sycophants want to think or say or assume.
And suggest anyone reading this to consider adopting the same view.

Quote:
You can turn it into a joke
"I made $32 per hour, but with my actual hours worked I barely cleared minimum wage."
I prefer to avoid that sort of joke.
Some, too many it seems, don't appreciate the reality of the situations where so many are hired into jobs
that take advantage of them because they don't consider it all.
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Old 10-11-2018, 02:54 PM
 
747 posts, read 437,420 times
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Quote:
Originally Posted by MrRational View Post
If the someone is the OP of this thread... we're left to interpret.


My interpretation is they've been quoted an annual total salary and want to break it down.
Down to the hourly rate. Gross Annual # of Hours (X) = $?? per hour.
No one knows the actual # of hours... at least not in advance. Do they?

Some are comfortable plugging in 2080. I'm not.
I'm not because I've NEVER seen a salary position employee clock LESS THAN the base 40.
I left the thread. Got my answer and yes I feel dumb for not figuring it out myself.
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Old 10-11-2018, 03:04 PM
 
1,319 posts, read 293,260 times
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Quote:
Originally Posted by randomparent View Post
Then I would divide the annual salary by 2600 (50 hours per week multiplied by 52 weeks).

Is this a joke, or are you serious?
I was thinking the same thing.
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Old 10-16-2018, 09:47 PM
 
Location: Living on the Coast in Oxnard CA
15,371 posts, read 25,586,306 times
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OK, For the real fun.

"How to calculate Earned per hour."

If you worked for my employer:

Per hour pay is $20 for this example

Dollar per hour for an 8 hour day. If you make $20 an hour and you work 8 hours in a day you make $160 that day.

Dollar per hour for a 40 hour work week. If you work five 8 hour days (40 hours a week) you will make $800 that week.

Dollar per hour any hour over 8 hours in a day. (Hours 9 thru 12) If you make $20 an hour you will be paid 1.5 x your pay or $30 an hour. For those that work a 12 hour day and make $20 an hour, you will get $160 for hours 1 thru 8 and $120 for hours 9 thru 12 making that 12 hour day a $280 payday.

Dollar per hour, any hour, over 12 in a day (Hours 13 +) If you make $20 an hour and work 8 hours at $20 an hour, work 4 hours at $30 an hour, hour 13 and more will be $40 an hour, turning your 12 hour day payday into a 13 hour payday will get you $320 for the day.

Dollar per hour when you have worked 11 or more days in a 2 week work week: five day or 40 hour work week = $800 or $20 an hour. Day eleven in a 14 day work week you will be paid $30 an hour for any hour you work up to 12 hours. If you had worked one extra day, or eleven days in a pay period and had worked eleven 8 hour shifts in the two week period, you would make $1,840 for the two weeks.

Dollar per hour for paid time off. During a year where I work you will acquire 184 hours of paid time off. This includes holiday pay. (I work in a hospital, if you work here you have to work holidays when you are starting out.) Paid Time Off, when you can get off is in this example $20 an hour.

If you never worked overtime and worked a 40 hour work week below is what you would make in a year if you made $20 an hour.

8 hour day without taking time off: 2080
Pay for a $20 an hour employee that worked all 2080 hours: $41,600.00
Additional possible pay: Cash out of 80 hours of PTO a year: $1,600.00
Vacation Bonus pay: Vacation bonus pay =16 hours a year: $320.00
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