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How do I calculate my hourly rate of pay?

Hourly Rate Calculator
For 100% Budgeted Employees Only

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Do not enter $ or commas, enter $18,200.00 as 18200.00

Your Hourly Rate of Pay = $

 

 

First you have to know:

  • How many days are there in a year
    • 365 days (but every 4th year there is an extra day,
      February 2012 has 29 days)
  • How many work days are there in a year
    • The typical workweek is Monday – Friday – 5 days
    • Saturday and Sunday are the typical days off
    • There are 52 Saturdays and 52 Sundays
  • Each work day consist of  8 hours

Below are the days and work hours for the Fiscal Year 2012 for the University:

Month Days

September

30

October

31

November

30

December

31

January

31

February

29

March

31

April

30

May

31

June

30

July

31

August

31

Total Days in FY 12

365

Less Saturdays

(52)

Less Sundays

(52)

Work Days in FY 12

261

Times # of Work Hours per day

8

Number of work hours in FY12

2,096

How do I calculate my hourly rate of pay?
Go to SSO https://sso.tamus.edu/
Select HR Connect, then Payroll Data Tab at top of page and find your Annual Budgeted Salary

 

Example for 100% Budgeted Employee:

 Annual Budgeted Salary

$18,128.00

 

Divided by

Number of work  hours in FY12

2,096

 

 

= Hourly rate

$8.65

 Please note if you are less than a 100% budgeted employee, this calculator will not work.