How to Calculate Increasing/Decreasing Salary. Periodically, employers may review the salaries of their employees and, depending on market conditions, increase or decrease them as needed or as ...

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.

Calculating an hourly wage, though, can help you discern how much things are actually costing you—say, 10 hours of labor—and whether they’re worth it or not.

If you're currently salaried and working over 40 hours a week, here's how to find out what your hourly wage would be.