Due to the importance of billable hours, payroll, hourly wages and overtime, employees and managers should familiarize themselves how to calculate total hours in Excel for both planning and ...

If you're paid an annual salary right now, here's how you will convert your annual salary to your hourly consulting rate. Let's say your annual salary is sixty thousand dollars.

When that happens, the employee's salary also changes from an annual salary to a part-time wage. This is typically the hourly rate multiplied by the number of hours an employee works each pay period.