Salary Calculator – Convert Hourly to Annual Pay

Common pay arrangements:

• Hourly - paid for each hour worked
• Salary - fixed annual amount regardless of hours
• Commission - based on sales or performance
• Contract - project-based compensation
• Freelance - per-project or hourly rates

Factors to consider:

• Overtime eligibility for hourly workers
• Benefits packages often better for salaried
• Job security may vary by position type
• Flexibility in work hours and location
• Career advancement opportunities