How To Work Out Hourly Rate. For guidance a standard working week for a full-time employee is around 40 hours. Power is required for productive hours only setting -up time is part.
Power consumed is 15 units per hour 40 paise per unit. Hourly Rate Yearly Salary Hours per Week Days per Week x Work Days per Year The yearly salary is divided by the number of work hours during the year where the number of work hours is derived by first calculating the number of work hours per day by dividing the hours per week by the work days per week and then multiplying by the total number of work days per year. Follow these steps to work out your self-employed hourly rate or at least the bare minimum you need to charge to breakeven.
600 40 15 per hour.
The most often used hourly rate calculation is to divide the salary you want by the number of hours worked each year. Dont forget to download a copy of my hourly rate calculator to help you with these steps. This gives you an hourly rate of 3555. You work an hour you invoice the customer for an hour.