I recently started discussing a job opportunity.

Anonymous

October 30,2023 at 11:54PM UTC

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I recently started discussing a job opportunity. How does one go about figuring out an hourly wage? This employer is aware that I am looking for flexibility. I am not looking for full time necessarily but am willing to put in the work (remotely) as needed. I am a registered Architect with 17 years of experience. I have only had full time salaried jobs in the past so this is new territory.

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AnonymousOctober 31,2023 at 3:23AM UTC
Look at consultant fees in your industry and thats your high end. Then take that down about 15% and that's your low-end. The number of hours shouldn't impact your hourly fee that much.
AnonymousOctober 31,2023 at 1:33PM UTC
Salary-to-wage conversion is fairly simple:
Salary/(avg number hours per week worked)/52
If it is a full-time job, then the number of hours should be 40 because that is the way the salary is calculated (unless they specify otherwise). Using this calculation, a $40,000 job is $19.23 per hour, etc.
Wage to salary is the opposite:
Hourly rate*number of hours per week*52
Therefore, $20 per hour is a salary equivalent to $41,600 if you are working 40 hours per week. Hopefully, this will help you set an hourly rate if you only look at annual salaries for equivalent positions. Be sure to factor in an additional percent to cover health benefits and any time off you take unless those are provided by the contract (infrequent).
Huong Nguyen-ValleOctober 31,2023 at 7:46PM UTC
Look up what the average salary is for your role and in your state and go from there. Salary.com is good, Glassdoor...
AnonymousNovember 6,2023 at 1:26AM UTC
Take the yearly salary you’re aiming for, divide that by 52 weeks in theyear, then divide that number by 40 hours per week.
for example: $100,000/52 is approximately $1923 per week, and $1923/40 is approximately $48 per hour. Your hourly overtime rate should be approximately double your regular hourly.