If you are working for an hourly salary, knowing how many work hours in a year is an essential part of budgeting. Without knowing how many work hours there are in a year, how will you know how much you make per year, month, or week?
With this knowledge, you can begin to make the best budget possible for you. Knowing how many work hours in a year can be beneficial even if you are being paid a salary.
Once you know how many work hours in a year, figuring out your yearly income is a relatively straightforward calculation.
Below, we’ll break down different timeframes and how many work hours you’ll typically have in each.
How Many Work Hours In A Year?
Since most full-time employees work 40 hours a week, when calculating how many work hours in a year, most people will multiple 40 hours times 52 weeks. This will result in an answer of 2080 working hours.
Some employers consider anyone working 30 hours a week to be full-time. In this case, a full-time employee’s total number of work hours in a year could be as little as 1560.
You could also assume there are roughly 260 workdays in a year. If you use that method, you can multiply 260 by 8 (typically working hours in a day) to get the same total of 2080 for the answer to how many work hours in a year.
How Many Working Hours In A Week?
For most full-time employees, a work week consists of 40 working hours. However, working as little as 30 hours a week is still considered full-time for some employers.
The number of hours in a workweek can vary if you are an hourly employee based on work schedule or contracted work hours.
There can also be labor laws on how many hours you can work if you are of certain ages. For example, regulations limit maximum working hours during a school week vs. a nonschool week a 15 – 16-year-old can work in New Jersey.
Total Paycheck Working Hours
Typically, salaried and hourly employees are paid biweekly or every two weeks. With this in mind, a salaried employee would have 80 hours in each paycheck. For hourly employees, this again will vary based on their shifts over the past two weeks.
How Many Work Hours in a Month?
On average, full-time employees will work 160 hours each month. This number is assuming 8 hours each day for a 40-hour work week. Each month will vary slightly based on its length, the number of weekends, and holidays.
Hourly employees again will vary based on the number of shifts they’ve worked that month.
How Many Work Hours in a Quarter?
Many times, businesses will look at how they perform during each fiscal or calendar year quarter. However, calculating the number of working hours in a quarter is another relatively straightforward process.
Each quarter contains three months of the year. Since the average full-time employee works 160 hours per month, a quarter being three months means they will work 480 per quarter.
How Many Work Hours In A Year: Key Takeaways
Figuring out how many worknhours in a year can be relatively easy. However, the same goes for how many works hours in a week, month, or quarter assuming you are a 40-hour-per-week, full-time employee.
Remember, these are all averages, as many factors can change how many working hours are for any of these time frames.
These numbers can vary monthly or week to week for hourly employees.
Below are key figures you’ll need to calculate working hours for any timeframe.
Hours Worked per Workday: 8
Workdays per Work Week: 5
Work Hours Per Week: 5 days x 8 hours = 40 Hours
Weeks In A Year: 52
Work Days in a Year: 260
Work Hours in a Year: 40 hours per week x 52 weeks in a year = 2080 hours
Work Hours Is a Year: 260 Workdays x 8 Hours per workday = 2080
How Holidays Affect Hours Worked
One of the factors that can affect how many working hours a year is holidays. Not all companies celebrate the same number of holidays, but typically, most companies will be closed on federal holidays at a minimum.
Below are the typical holidays you would expect off from work in the US.
|New Year’s Day||January|
|Martin Luther King Jr. Day||January|
It’s a good idea to check with your employer, as each company has different policies regarding which holidays employees have off.
Calculate Hourly Pay As A Salaried Employee
Suppose you are a full-time salaried employee looking to figure out your hourly pay. In that case, this is a simple calculation as well. First, take your annual salary and divide it by the 2080 working hours per year.
For example, if your want to know 70,000 per year is how much an hour, take the 70000 and divide by 2080. This will give you the answer of $33.65 per hour.
If you want to know your salary per week, month, or day, you can divide your salary by each timeframe. Fifty-two per week calculation, 12 per month, and 260 (working days) for daily income.
How Many WorkHours In A Year: Final Thoughts
Knowing how much we make per day, week, month, or year, we can better budget our money. Knowing how many work hours in a year can be helpful information when determining your budget.
Typically, this is a straightforward process for full-time employees. However, hourly employees will have a harder time as working hours vary each week and month depending on their work schedule.
The typical number of hours worked by a full-time employee will be 2080.