Home
Back
Daily Rate Formula:
| From: | To: |
The Rate Of The Day Calculator converts annual salary to daily rate, assuming either standard workdays (260) or calendar days (365). This calculation is useful for contract work, freelancing, and project-based compensation.
The calculator uses the daily rate formula:
Where:
Explanation: The formula divides the annual salary by the number of days to determine the daily compensation rate. Using 260 days assumes standard workdays excluding weekends and holidays, while 365 days includes all calendar days.
Details: Calculating daily rates is essential for contract negotiations, project budgeting, freelancer pricing, and comparing job offers with different payment structures. It helps ensure fair compensation for daily work.
Tips: Enter annual salary in your local currency, select the appropriate day basis (260 for standard workdays or 365 for calendar days). Ensure salary value is positive and valid.
Q1: Why use 260 days instead of 365?
A: 260 days represents standard workdays (52 weeks × 5 days), excluding weekends and typical holidays, providing a more accurate reflection of actual working days.
Q2: When should I use 365 days?
A: Use 365 days when calculating daily rates for contracts that pay regardless of weekends/holidays, or for annualized calculations that include all days.
Q3: Does this include benefits and bonuses?
A: This calculator uses base salary only. For comprehensive daily rates, include all compensation components in the annual salary figure.
Q4: How accurate is this for part-time work?
A: For part-time positions, first calculate the full-time equivalent annual salary, then apply the daily rate calculation.
Q5: Can this be used for hourly rate conversion?
A: To get hourly rate from daily rate, divide by the number of working hours per day (typically 7-8 hours).