How to... compare salaries

Another how to article for thesalaryconverter.com

How to ... compare salaries

So you want to compare several different salaries. Let say you are looking at a number of jobs where the salaries are listed as £14,000 per annum, £250 per week, £1200 per month and £7.85 per hour.

Job Number	salary
1	£14000 per annum
2	£250 per week
3	£1200 per month
4	£7.85 per hour

You could sit down with a pen and paper, scratch your head any maybe find a way to compare them or you could let thesalaryconverter.com take the strain.

Step 1 is to decide what rate you feel most comfortable with, do you want everything converted into a per hour rate or an annual rate. Which is better for you, for most people they want to compare it to their existing salary so it would be whatever you know you current salary rate to be.

Let's say we have decided to convert everything to per hour rate.

So using the calculator we put in "14000" select "Annual" and press convert. Looking at the hourly rate it converts to £7.26.

Using the calculator again we put in "250" select "Weekly" and press convert. The hourly rate turns out to be £6.76.

Using the calculator for the third job we put in "1200" select "Monthly" and press convert. The hourly rate turns out to be £7.46.

We don't have to convert the last salary as it is already in per hour.

So we now have the following conversions:

Job Number	salary	Per hour conversion
1	£14000 per annum	£7.26
2	£250 per week	£6.76
3	£1200 per month	£7.46
4	£7.85 per hour	£7.85

It turns out that that the job number four is the best paid job but of course pay isn't may not be the only reason to take that job.

Try the online calculator for yourself.